GoPro Sees Unusually High Options Volume (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 2,587 call options on the company. This represents an increase of approximately 219% compared to the typical volume of 812 call options.

GoPro Price Performance

GPRO stock opened at $1.08 on Friday. GoPro has a 52 week low of $0.89 and a 52 week high of $3.03. The firm has a market capitalization of $167.14 million, a P/E ratio of -0.41 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $1.25.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). GoPro had a negative return on equity of 33.48% and a negative net margin of 44.37%. Analysts anticipate that GoPro will post -2.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and set a $1.50 target price on shares of GoPro in a research report on Friday, January 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its holdings in shares of GoPro by 149.4% in the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock valued at $3,458,000 after buying an additional 1,523,183 shares in the last quarter. State Street Corp lifted its stake in shares of GoPro by 0.5% in the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock valued at $3,446,000 after purchasing an additional 11,454 shares during the period. Barclays PLC lifted its stake in shares of GoPro by 4.0% in the 3rd quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after purchasing an additional 24,044 shares during the period. Jane Street Group LLC lifted its stake in shares of GoPro by 63.4% in the 3rd quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock valued at $671,000 after purchasing an additional 191,487 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of GoPro by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company’s stock valued at $139,000 after purchasing an additional 12,147 shares during the period. Hedge funds and other institutional investors own 70.09% 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 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.