GoPro (NASDAQ:GPRO) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings upgraded shares of GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

GoPro Price Performance

Shares of GPRO stock opened at $1.11 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.63. The company’s 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $1.26. GoPro has a one year low of $0.57 and a one year high of $3.05. The company has a market capitalization of $182.22 million, a P/E ratio of -1.41 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The business had revenue of $99.07 million for the quarter, compared to the consensus estimate of $137.54 million. As a group, equities analysts anticipate that GoPro will post -0.04 EPS for the current year.

Hedge Funds Weigh In On GoPro

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp boosted its stake in shares of GoPro by 59.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 265,800 shares of the company’s stock valued at $205,000 after purchasing an additional 99,100 shares in the last quarter. Renaissance Technologies LLC lifted its position in GoPro by 137.1% during the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock valued at $1,252,000 after acquiring an additional 940,300 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in GoPro by 10.6% during the first quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock valued at $115,000 after acquiring an additional 14,324 shares during the last quarter. R Squared Ltd lifted its position in GoPro by 49.4% during the first quarter. R Squared Ltd now owns 97,067 shares of the company’s stock valued at $75,000 after acquiring an additional 32,113 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in GoPro by 27.4% during the first quarter. Assenagon Asset Management S.A. now owns 162,535 shares of the company’s stock valued at $125,000 after acquiring an additional 34,961 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

GoPro Company Profile

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.