Investors Purchase High Volume of GoPro Call Options (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) saw unusually large options trading activity on Wednesday. Stock traders purchased 2,587 call options on the company. This represents an increase of 219% compared to the average volume of 812 call options.

GoPro Stock Up 12.7 %

Shares of GoPro stock opened at $1.09 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. GoPro has a 52-week low of $0.89 and a 52-week high of $3.03. The company has a market capitalization of $168.69 million, a P/E ratio of -0.42 and a beta of 1.51. The company has a 50 day moving average of $1.11 and a 200 day moving average of $1.25.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $254.92 million. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%. During the same period in the previous year, the company earned ($0.02) EPS. As a group, research analysts forecast that GoPro will post -2.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On GoPro

Several institutional investors have recently added to or reduced their stakes in GPRO. RIA Advisory Group LLC acquired a new stake in GoPro during the third quarter worth approximately $27,000. R Squared Ltd acquired a new stake in GoPro during the 4th quarter worth $27,000. Intech Investment Management LLC purchased a new stake in GoPro in the third quarter valued at $35,000. The Manufacturers Life Insurance Company boosted its stake in GoPro by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 56,609 shares of the company’s stock valued at $80,000 after acquiring an additional 9,337 shares in the last quarter. Finally, Prentice Capital Management LP grew its holdings in shares of GoPro by 430.4% during the third quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock worth $102,000 after purchasing an additional 61,154 shares during the last quarter. 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.