Investors Buy High Volume of GoPro Call Options (GPRO)
GoPro Inc (NASDAQ:GPRO) was the recipient of unusually large options trading activity on Monday. Traders purchased 46,008 call options on the stock. This represents an increase of approximately 1,414% compared to the average volume of 3,039 call options.
Shares of GoPro (NASDAQ GPRO) opened at $6.23 on Friday. The stock has a market cap of $909.32, a price-to-earnings ratio of -3.62, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. GoPro has a 52 week low of $5.04 and a 52 week high of $11.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65.
Several research analysts have issued reports on the stock. Dougherty & Co restated a “sell” rating and issued a $4.00 price target (down previously from $7.00) on shares of GoPro in a research report on Tuesday. Zacks Investment Research lowered shares of GoPro from a “hold” rating to a “sell” rating in a research report on Thursday. Oppenheimer restated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Wedbush restated a “neutral” rating and issued a $10.00 price target (down previously from $11.48) on shares of GoPro in a research report on Friday, September 29th. Finally, Vetr lowered shares of GoPro from a “buy” rating to a “hold” rating and set a $11.84 price target on the stock. in a research report on Monday, September 18th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.74.
Several hedge funds have recently added to or reduced their stakes in GPRO. Nomura Holdings Inc. lifted its stake in shares of GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares during the last quarter. Amalgamated Bank lifted its stake in shares of GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of GoPro in the 3rd quarter valued at $122,000. North Star Investment Management Corp. lifted its stake in shares of GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after purchasing an additional 11,500 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of GoPro in the 3rd quarter valued at $139,000. 26.07% of the stock is owned by institutional investors and hedge funds.
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GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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