GoPro (NASDAQ:GPRO) Trading 3.9% Higher

GoPro, Inc. (NASDAQ:GPRO)’s share price traded up 3.9% during trading on Friday . The stock traded as high as $3.47 and last traded at $3.46. 271,770 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,421,149 shares. The stock had previously closed at $3.33.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com assumed coverage on GoPro in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Morgan Stanley cut their price objective on GoPro from $4.30 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Finally, Wedbush cut their price objective on GoPro from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th.

GoPro Stock Up 6.3 %

The company has a current ratio of 1.86, a quick ratio of 1.35 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $3.01 and a 200-day moving average price of $3.67. The firm has a market cap of $540.66 million, a P/E ratio of -11.80 and a beta of 1.42.

Hedge Funds Weigh In On GoPro

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRO. Envestnet Asset Management Inc. bought a new position in shares of GoPro during the 1st quarter worth $288,000. Advisor Group Holdings Inc. lifted its stake in shares of GoPro by 5.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 37,568 shares of the company’s stock worth $320,000 after purchasing an additional 1,971 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of GoPro during the 1st quarter worth $126,000. MetLife Investment Management LLC lifted its stake in shares of GoPro by 88.8% during the 1st quarter. MetLife Investment Management LLC now owns 69,581 shares of the company’s stock worth $594,000 after purchasing an additional 32,735 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of GoPro by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,646,506 shares of the company’s stock worth $14,046,000 after purchasing an additional 169,135 shares during the last quarter. Institutional investors own 54.26% 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 HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera.