GoPro Inc (NASDAQ:GPRO) shares reached a new 52-week low on Monday . The stock traded as low as $6.06 and last traded at $7.52, with a volume of 3712200 shares traded. The stock had previously closed at $7.57.
GPRO has been the subject of several research analyst reports. BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Wedbush reissued a “neutral” rating on shares of GoPro in a research report on Thursday, October 26th. Vetr raised GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price objective for the company in a research report on Thursday, October 19th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered GoPro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.33.
The company has a market capitalization of $995.00, a PE ratio of -4.37, a P/E/G ratio of 8.36 and a beta of 0.53. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.
A number of institutional investors and hedge funds have recently modified their holdings of GPRO. Nomura Holdings Inc. increased its holdings in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after purchasing an additional 704 shares in the last quarter. Amalgamated Bank increased its holdings in GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after purchasing an additional 1,858 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in GoPro during the 3rd quarter worth approximately $122,000. Principal Financial Group Inc. bought a new stake in GoPro during the 3rd quarter worth approximately $139,000. Finally, Virtu KCG Holdings LLC increased its holdings in GoPro by 58.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 28,278 shares of the company’s stock worth $230,000 after purchasing an additional 10,390 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.
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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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