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

GoPro (NASDAQ:GPRO) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Sunday.

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

GoPro Stock Down 4.8%

Shares of GoPro stock opened at $0.60 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.35 and a current ratio of 0.57. The stock has a market capitalization of $110.70 million, a PE ratio of -0.61 and a beta of 2.42. GoPro has a 52-week low of $0.57 and a 52-week high of $3.05. The company has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.88.

GoPro (NASDAQ:GPRO) last posted 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). The firm had revenue of $104.93 million for the quarter, compared to analysts’ expectations of $151.47 million. GoPro had a negative net margin of 28.52% and a negative return on equity of 411.41%. On average, analysts anticipate that GoPro will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On GoPro

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of GoPro by 16.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,278,484 shares of the company’s stock valued at $10,263,000 after purchasing an additional 1,013,494 shares during the period. UBS Group AG lifted its stake in shares of GoPro by 168.6% in 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 period. AQR Capital Management LLC lifted its stake in shares of GoPro by 957.3% in the 1st quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock worth $2,445,000 after purchasing an additional 3,338,941 shares during the period. Millennium Management LLC boosted its holdings in shares of GoPro by 111.9% in the fourth quarter. Millennium Management LLC now owns 3,438,671 shares of the company’s stock worth $4,849,000 after buying an additional 1,815,637 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of GoPro by 59.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company’s stock worth $4,456,000 after buying an additional 781,426 shares during the last quarter. Hedge funds and other institutional investors 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.