Wedbush restated their neutral rating on shares of GoPro (NASDAQ:GPRO – Free Report) in a research report sent to investors on Wednesday morning,RTT News reports. They currently have a $1.50 target price on the stock.
Separately, StockNews.com upgraded GoPro from a “sell” rating to a “hold” rating in a report on Friday, September 13th.
Check Out Our Latest Analysis on GoPro
GoPro Price Performance
Hedge Funds Weigh In On GoPro
A number of large investors have recently bought and sold shares of GPRO. RIA Advisory Group LLC purchased a new stake in shares of GoPro in the 3rd quarter worth $27,000. Oak Thistle LLC purchased a new stake in shares of GoPro in the 2nd quarter worth $32,000. Point72 DIFC Ltd purchased a new stake in shares of GoPro in the 2nd quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of GoPro by 316.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 24,991 shares of the company’s stock worth $35,000 after buying an additional 18,996 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of GoPro in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.
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.
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