GoPro Target of Unusually High Options Trading (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) was the recipient of unusually large options trading on Monday. Stock investors acquired 17,486 call options on the company. This is an increase of approximately 300% compared to the typical daily volume of 4,368 call options.

GoPro Stock Performance

NASDAQ:GPRO traded up $0.11 during trading hours on Monday, reaching $0.70. The company had a trading volume of 36,869,999 shares, compared to its average volume of 6,266,984. GoPro has a 52 week low of $0.57 and a 52 week high of $3.05. The company has a current ratio of 0.57, a quick ratio of 0.35 and a debt-to-equity ratio of 0.58. The firm has a market cap of $130.07 million, a price-to-earnings ratio of -0.71 and a beta of 2.42. The firm’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.86.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). GoPro had a negative return on equity of 411.41% and a negative net margin of 28.52%.The firm had revenue of $104.93 million for the quarter, compared to analysts’ expectations of $151.47 million. On average, analysts forecast that GoPro will post -0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GPRO shares. Wall Street Zen raised shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Sunday, August 23rd. Weiss Ratings upgraded GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Finally, Zacks Research cut GoPro from a “hold” rating to a “strong sell” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On GoPro

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

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.