Are Traders Shorting GoPro, Inc. (NASDAQ:GPRO) Shares?

GoPro Inc (NASDAQ:GPRO) gapped down before the market opened on Wednesday after Citigroup lowered their price target on the stock to $7.00. On Thursday, February 4 the stock rating was downgraded by Sterne Agee CRT to "Neutral".

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. GoPro presently has a consensus rating of "Hold" and a consensus target price of $8.74. Wedbush reissued a neutral rating and set a $10.00 target price (down from $11.48) on shares of GoPro in a research report on Friday, September 29th. They noted that the move was a valuation call. The rating was initiated by Bank of America on Friday, September 16 with "Buy". Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

GPRO traded at an unexpectedly high level on 10/01/2018 when the stock experienced a -1.94% loss to a closing price of $6.05.

For the current quarter, 12 analysts are projecting a mean EPS of $-0.02/share. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.50 as current ratio and on the opponent side the debt to equity ratio was 1.20 and long-term debt to equity ratio also remained 1.20. The company has a market cap of $897.65, a PE ratio of -3.58, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. The stock was trading at a distance of -48.28% from its 52-week highs and stands 22.02% away from its 52-week lows.

In related news, Director Anthony John Bates sold 17,023 shares of the company's stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $8.23, for a total value of $62,062.43. Following the completion of the sale, the director now owns 99,459 shares of the company's stock, valued at approximately $793,682.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $7.98, for a total value of $135,843.54. The disclosure for this sale can be found here. However the company reported $0.29 earnings per share for the same quarter during past year. The action camera is powered by company's own custom made GP1 processor, which promises to offer the video frame rates, improved image quality, dynamic range, low-light performance and improved video stabilization.

More news: Lightning's Hedman out 3-to-6 weeks with lower-body injury

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its holdings in GoPro by 416.1% during the third quarter. Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s price to sales ratio for trailing twelve month stands at 0.65, whereas its price to book ratio for the most recent quarters is at 2.46. Swiss National Bank now owns 166,700 shares of the company's stock worth $1,355,000 after purchasing an additional 21,100 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of GoPro by 266.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company's stock worth $321,000 after purchasing an additional 23,508 shares in the last quarter. Engineers Gate Manager LP now owns 193,688 shares of the company's stock valued at $1,575,000 after buying an additional 180,088 shares in the last quarter.

Several institutional investors have recently bought and sold shares of GPRO.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes.

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories.

Like this



13 January 2018
Ingredion Inc (INGR) Stake Decreased by Dimensional Fund Advisors LP
Following the sale, the senior vice president now directly owns 23,119 shares in the company, valued at approximately $3,074,827. The stock of Ingredion Incorporated (NYSE:INGR) has "Hold" rating given on Monday, June 26 by BMO Capital Markets. (NYSE:GMED).

13 January 2018
McLaren 570GT Sport Pack and Other Options Announced
The roof utilizes an electric current to trigger a change in the opacity of the glass which comes in handy on hot, sunny days. "With the new 570GT Sport Pack, we have reacted to market requests for a 570GT with the driving dynamics of the 570S Coupé".

13 January 2018
Serena Williams absence gives chance for a new superstar to emerge
Williams!" Following her surgeries, she was forced to spend her first six weeks of motherhood unable to get out of bed. Williams ultimately needed to have a filter placed in a major vein to stop blood clots from going to her lungs.

13 January 2018
New York Republicans divided on Trump's 'shithole' comments
US House of Representatives Speaker Paul Ryan said: "The first thing that came to mind was very unfortunate and unhelpful". On Twitter Thursday, the phraae "Trump is a Racist" was trending , with some saying Trump's remarks were not a surprise.

13 January 2018
LAPD investigating Steven Seagal for alleged 2005 sexual assault
She shot the scene, and a few weeks later, was invited to the movie's wrap party, where she claims the rape happened. And Dutch model Faviola Dadis has told the LAPD that Seagal sexually assaulted her during an audition in 2002.

13 January 2018
David Moyes has no intention of selling Andy Carroll and Javier Hernandez
My intention is not to let anybody go. "Maybe in a lot of games we have not been able to give him that service". It's a crucial epoch that Moyes is fully aware of the importance.

13 January 2018
What to expect in central Indiana Friday during winter storm
After dropping into the single digits on Saturday night , AccuWeather forecasts a high of 18 and a low of 4 on Sunday . Sunday , there is a 50 percent chance of snow before noon, with a high near 29, the weather service said .

13 January 2018
Ivanka Trump mocked for praising Oprah Winfrey's Golden Globes speech
In response, Trump said, "Look, I'm not in every interaction my father has, but he's not a groper". Ivanka Trump was criticized by one of the women who has accused her father of sexual misconduct .

13 January 2018
Q3 2017 Sentiment CSX Corp (NYSE:CSX)
This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Out of 31 Wall Street analysts rating CSX Corporation, 20 give it "Buy", 3 "Sell" rating, while 8 recommend "Hold".

13 January 2018
Dominic Thiem an Australian Open doubt after Kooyong Classic withdrawal
So, when Novak Djokovic too joined the bandwagon, he felt like the Australian tennis player himself. "I'll be fine for the Open". "Also, I got a great opponent today, the No. 5 in the world, so it was a fantastic test for me to see where I am".