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

Wall Street Zen downgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a research note published on Saturday.

GPRO has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GoPro in a research report on Wednesday, October 8th. Morgan Stanley reissued an “underweight” rating on shares of GoPro in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Sell” and an average price target of $0.75.

GoPro Trading Down 2.5%

Shares of NASDAQ GPRO opened at $1.54 on Friday. GoPro has a twelve month low of $0.40 and a twelve month high of $3.05. The firm has a market cap of $245.98 million, a PE ratio of -2.00 and a beta of 1.72. The business has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $1.37. The company has a quick ratio of 0.72, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $162.92 million for the quarter, compared to analysts’ expectations of $211.18 million. GoPro had a negative net margin of 18.68% and a negative return on equity of 71.67%. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. Analysts expect that GoPro will post -0.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian Mcgee sold 150,043 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.24, for a total transaction of $186,053.32. Following the transaction, the executive vice president directly owned 779,974 shares of the company’s stock, valued at approximately $967,167.76. This represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder William George Brumder sold 12,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $2.49, for a total value of $29,880.00. Following the sale, the insider owned 10,838,000 shares of the company’s stock, valued at approximately $26,986,620. This represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.38% of the company’s stock.

Institutional Investors Weigh In On GoPro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in GoPro by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 376,700 shares of the company’s stock worth $250,000 after acquiring an additional 20,575 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of GoPro in the 1st quarter valued at approximately $80,000. CWM LLC boosted its stake in GoPro by 2,346.3% in the 1st quarter. CWM LLC now owns 108,541 shares of the company’s stock worth $72,000 after purchasing an additional 104,104 shares in the last quarter. GSA Capital Partners LLP grew its position in GoPro by 99.5% during the 1st quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company’s stock worth $1,142,000 after purchasing an additional 859,677 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in GoPro by 132.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock valued at $2,146,000 after purchasing an additional 1,841,983 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.