Wedbush Reaffirms “Neutral” Rating for GoPro (NASDAQ:GPRO)

Wedbush reissued their neutral rating on shares of GoPro (NASDAQ:GPRO) in a report released on Wednesday,RTT News reports. Wedbush currently has a $1.50 price target on the stock.

Separately, StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th.

GoPro Trading Up 8.3 %

GoPro stock opened at $1.57 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.47 and a quick ratio of 1.07. GoPro has a one year low of $1.16 and a one year high of $3.80. The stock has a market capitalization of $239.79 million, a PE ratio of -0.61 and a beta of 1.56. The business’s fifty day moving average is $1.32 and its 200 day moving average is $1.43.

Institutional Trading of GoPro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in GoPro by 19.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,609 shares of the company’s stock valued at $80,000 after purchasing an additional 9,337 shares during the period. Russell Investments Group Ltd. increased its stake in GoPro by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 368,597 shares of the company’s stock worth $822,000 after acquiring an additional 9,727 shares during the last quarter. Versant Capital Management Inc increased its stake in GoPro by 6.0% in the 2nd quarter. Versant Capital Management Inc now owns 199,992 shares of the company’s stock worth $284,000 after acquiring an additional 11,284 shares during the last quarter. Headlands Technologies LLC increased its stake in GoPro by 62.6% in the 1st quarter. Headlands Technologies LLC now owns 29,379 shares of the company’s stock worth $66,000 after acquiring an additional 11,306 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in GoPro by 15.6% in the 3rd quarter. SG Americas Securities LLC now owns 115,176 shares of the company’s stock worth $157,000 after acquiring an additional 15,541 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

About GoPro

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.