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.

In other GoPro news, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $9.30, for a total value of $4,789,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the completion of the transaction, the director now owns 99,459 shares in the company, valued at approximately $793,682.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 704,907 shares of company stock worth $6,478,800. 28.58% of the stock is currently owned by company insiders.

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.

COPYRIGHT VIOLATION WARNING: “Investors Buy High Volume of GoPro Call Options (GPRO)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.dailypolitical.com/2018/01/12/investors-buy-high-volume-of-gopro-call-options-gpro.html.

About GoPro

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.

Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.