GoPro Inc (GPRO) Short Interest Down 9.0% in February

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GoPro Inc (NASDAQ:GPRO) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 37,657,004 shares, a drop of 9.0% from the February 15th total of 41,384,959 shares. Approximately 33.2% of the shares of the company are sold short. Based on an average daily volume of 3,857,412 shares, the days-to-cover ratio is currently 9.8 days.

In other news, CEO Nicholas Woodman sold 1,400,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $5.94, for a total transaction of $8,316,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian Mcgee sold 19,526 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $6.04, for a total transaction of $117,937.04. The disclosure for this sale can be found here. 26.61% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. bought a new position in GoPro in the fourth quarter valued at approximately $44,000. Blueshift Asset Management LLC bought a new position in GoPro in the fourth quarter valued at approximately $47,000. Versant Capital Management Inc increased its stake in GoPro by 36.6% in the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after acquiring an additional 4,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in GoPro by 55.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after acquiring an additional 5,829 shares during the last quarter. Finally, Amalgamated Bank bought a new position in GoPro in the fourth quarter valued at approximately $72,000. 41.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GPRO opened at $6.14 on Friday. The company has a market capitalization of $957.09 million, a P/E ratio of -13.35, a PEG ratio of 9.60 and a beta of 0.72. The company has a current ratio of 1.58, a quick ratio of 1.19 and a debt-to-equity ratio of 0.66. GoPro has a 1 year low of $4.00 and a 1 year high of $7.60.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $377.38 million for the quarter, compared to analysts’ expectations of $374.28 million. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. As a group, equities analysts predict that GoPro will post 0.06 EPS for the current fiscal year.

GPRO has been the topic of several recent research reports. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research cut shares of GoPro from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Wedbush reaffirmed a “neutral” rating and set a $6.00 target price on shares of GoPro in a report on Thursday, January 31st. Finally, BidaskClub raised shares of GoPro from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.53.

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About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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