GoPro (NASDAQ:GPRO) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of GoPro (NASDAQ:GPRO) from a sell rating to a strong sell rating in a research report report published on Saturday.

Separately, Weiss Ratings upgraded GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

GoPro Stock Up 3.2%

GPRO opened at $0.61 on Friday. GoPro has a fifty-two week low of $0.57 and a fifty-two week high of $3.05. The firm has a market capitalization of $113.34 million, a P/E ratio of -0.62 and a beta of 2.42. The company’s 50-day moving average is $0.72 and its 200 day moving average is $0.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.57 and a quick ratio of 0.35.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The firm had revenue of $104.93 million during the quarter, compared to the consensus estimate of $151.47 million. GoPro had a negative return on equity of 411.41% and a negative net margin of 28.52%.

Insider Buying and Selling at GoPro

In related news, COO Brian Mcgee sold 130,631 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total value of $126,712.07. Following the transaction, the chief operating officer directly owned 947,123 shares of the company’s stock, valued at approximately $918,709.31. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 18.06% of the company’s stock.

Institutional Trading of GoPro

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in GoPro by 1,441.6% in the fourth quarter. GSA Capital Partners LLP now owns 945,410 shares of the company’s stock valued at $1,333,000 after acquiring an additional 884,085 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of GoPro by 137.1% during the 1st 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 period. UBS Group AG increased its stake in shares of GoPro by 168.6% during the 4th quarter. UBS Group AG now owns 3,781,516 shares of the company’s stock worth $5,332,000 after purchasing an additional 2,373,901 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of GoPro during the 3rd quarter worth approximately $27,000. Finally, Jump Financial LLC bought a new stake in shares of GoPro in the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About GoPro

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.