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

GoPro, Inc. (NASDAQ:GPRO) was the target of unusually large options trading activity on Tuesday. Stock investors bought 9,261 call options on the company. This represents an increase of 64% compared to the typical daily volume of 5,661 call options.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GoPro currently has an average rating of “Sell”.

GoPro Stock Down 0.4%

Shares of GPRO traded down $0.00 during trading hours on Tuesday, hitting $0.76. The company had a trading volume of 1,974,487 shares, compared to its average volume of 5,936,536. The company has a market capitalization of $130.62 million, a PE ratio of -0.96 and a beta of 2.42. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. GoPro has a one year low of $0.59 and a one year high of $3.05. The company’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $0.94.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The company had revenue of $99.07 million for the quarter, compared to the consensus estimate of $137.54 million.

Insider Buying and Selling

In related news, COO Brian Mcgee sold 130,631 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $0.97, for a total value of $126,712.07. Following the completion of the sale, the chief operating officer owned 947,123 shares in the company, valued at approximately $918,709.31. The trade was a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GPRO. Jump Financial LLC purchased a new stake in GoPro during the second quarter valued at approximately $25,000. Captrust Financial Advisors increased its position in shares of GoPro by 89.6% during the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock worth $25,000 after purchasing an additional 15,618 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of GoPro during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of GoPro by 1,295,800.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock worth $27,000 after purchasing an additional 12,958 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of GoPro in the 2nd quarter worth $27,000. Institutional investors own 70.09% of the company’s stock.

GoPro Company Profile

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.