GoPro Target of Unusually Large Options Trading (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) was the target of unusually large options trading activity on Monday. Investors acquired 7,413 call options on the stock. This represents an increase of 334% compared to the typical daily volume of 1,710 call options.

GoPro Trading Up 11.2%

NASDAQ:GPRO opened at $0.88 on Tuesday. GoPro has a 52 week low of $0.40 and a 52 week high of $1.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The company has a market capitalization of $138.94 million, a P/E ratio of -0.31 and a beta of 1.35. The stock’s 50 day moving average price is $0.59 and its 200 day moving average price is $0.84.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GPRO. Tower Research Capital LLC TRC increased its position in GoPro by 153.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after purchasing an additional 14,485 shares during the period. Picton Mahoney Asset Management lifted its stake in GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after acquiring an additional 12,172 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of GoPro by 90.4% during the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock worth $39,000 after purchasing an additional 17,158 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of GoPro during the 4th quarter worth approximately $42,000. Finally, Two Sigma Securities LLC increased its holdings in shares of GoPro by 139.4% during the 4th quarter. Two Sigma Securities LLC now owns 44,283 shares of the company’s stock worth $48,000 after acquiring an additional 25,788 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPRO. Wedbush reiterated a “neutral” rating and set a $0.75 price objective (down previously from $1.00) on shares of GoPro in a research note on Tuesday, May 13th. Wall Street Zen raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

GoPro Company Profile

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.