GoPro (GPRO) Short Interest Update

GoPro (NASDAQ:GPRO) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 24,059,576 shares, an increase of 8.9% from the April 13th total of 22,096,768 shares. Based on an average trading volume of 3,637,817 shares, the days-to-cover ratio is presently 6.6 days. Approximately 21.7% of the shares of the company are short sold.

A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of GoPro from $6.50 to $5.50 and set an “underperform” rating for the company in a research note on Friday, February 2nd. BidaskClub upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 7th. Vetr cut shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $6.36 target price for the company. in a research note on Tuesday, March 6th. Morgan Stanley cut shares of GoPro from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $9.50 to $5.00 in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of GoPro from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Four research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.48.

Shares of GoPro opened at $5.56 on Friday, Marketbeat reports. GoPro has a twelve month low of $5.53 and a twelve month high of $5.91. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $830.33 million, a price-to-earnings ratio of -5.25 and a beta of 0.19.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.04. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. The business had revenue of $202.35 million during the quarter, compared to analysts’ expectations of $182.26 million. During the same quarter in the previous year, the company earned ($0.44) EPS. The business’s revenue was down 7.4% on a year-over-year basis. equities research analysts expect that GoPro will post -0.8 EPS for the current fiscal year.

In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the sale, the chief financial officer now owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The disclosure for this sale can be found here. Company insiders own 26.61% of the company’s stock.

A number of institutional investors have recently modified their holdings of GPRO. BlackRock Inc. raised its stake in GoPro by 9.1% in the 1st quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock worth $36,004,000 after purchasing an additional 629,370 shares in the last quarter. Millennium Management LLC raised its stake in GoPro by 310.4% in the 4th quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock worth $5,178,000 after purchasing an additional 517,298 shares in the last quarter. Engineers Gate Manager LP raised its stake in GoPro by 1,970.7% in the 4th quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock worth $2,987,000 after purchasing an additional 375,506 shares in the last quarter. SG Americas Securities LLC raised its stake in GoPro by 464.7% in the 1st quarter. SG Americas Securities LLC now owns 388,031 shares of the company’s stock worth $1,859,000 after purchasing an additional 319,318 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new stake in GoPro in the 4th quarter worth about $2,237,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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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