GoPro Inc (NASDAQ:GPRO) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 37,657,004 shares, a drop of 9.0% from the February 15th total of 41,384,959 shares. Approximately 33.2% of the shares of the company are sold short. Based on an average trading volume of 3,857,412 shares, the short-interest ratio is presently 9.8 days.

In other news, CEO Nicholas Woodman sold 1,400,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $5.94, for a total transaction of $8,316,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian Mcgee sold 19,526 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $6.04, for a total transaction of $117,937.04. The disclosure for this sale can be found here. Company insiders own 26.61% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GPRO. Northern Trust Corp boosted its position in shares of GoPro by 5.4% during the 2nd quarter. Northern Trust Corp now owns 1,384,607 shares of the company’s stock worth $8,917,000 after purchasing an additional 70,968 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of GoPro during the 3rd quarter worth $120,000. Wells Fargo & Company MN raised its stake in shares of GoPro by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 590,514 shares of the company’s stock worth $4,251,000 after buying an additional 10,471 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of GoPro by 30.4% during the 3rd quarter. SG Americas Securities LLC now owns 88,542 shares of the company’s stock worth $638,000 after buying an additional 20,633 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of GoPro by 215.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,981 shares of the company’s stock worth $122,000 after buying an additional 11,604 shares during the last quarter. Institutional investors own 42.35% of the company’s stock.

NASDAQ:GPRO opened at $6.14 on Thursday. GoPro has a 1-year low of $4.00 and a 1-year high of $7.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.58. The firm has a market capitalization of $934.55 million, a P/E ratio of -13.35, a PEG ratio of 9.55 and a beta of 0.65.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The firm had revenue of $377.38 million for the quarter, compared to analyst estimates of $374.28 million. During the same period last year, the firm posted ($0.30) EPS. GoPro’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts forecast that GoPro will post 0.06 earnings per share for the current fiscal year.

A number of research firms recently weighed in on GPRO. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Friday, February 8th. BidaskClub upgraded shares of GoPro from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. ValuEngine upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Wedbush reiterated a “neutral” rating and issued a $6.00 price objective on shares of GoPro in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.53.

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About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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