GoPro Sees Unusually Large Options Volume (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 37,018 put options on the company. This is an increase of approximately 63% compared to the average volume of 22,666 put options.

Trending Headlines about GoPro

These are some of the GPRO headlines that stood out recently:

• Positive Sentiment: GoPro will remain the official POV camera partner of the Freeride World Tour through 2028, extending a partnership that began in 2013. GoPro named official POV camera partner of the Freeride World Tour
• Neutral Sentiment: The company also announced a GoPro-supported docuseries about the 2026 tour season, which may provide brand exposure but does not address its near-term financial challenges. Freeride World Tour partnership announcement
• Negative Sentiment: GoPro said its financial statements will continue to reflect substantial doubt about its ability to continue as a going concern over the next 12 months, intensifying concerns about its financial condition and financing needs. GoPro shares drop as financing issues delay Q3 filing

Institutional Trading of GoPro

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of GoPro by 137.1% during the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock valued at $1,252,000 after purchasing an additional 940,300 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in GoPro by 575.3% in the third quarter. Russell Investments Group Ltd. now owns 872,143 shares of the company’s stock worth $1,125,000 after purchasing an additional 742,999 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in GoPro by 59.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 265,800 shares of the company’s stock worth $205,000 after purchasing an additional 99,100 shares during the period. Public Employees Retirement System of Ohio grew its position in GoPro by 10.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock valued at $115,000 after buying an additional 14,324 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in GoPro in the 3rd quarter valued at about $52,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

GoPro Stock Down 18.3%

GPRO stock opened at $0.69 on Thursday. GoPro has a fifty-two week low of $0.57 and a fifty-two week high of $2.05. The firm’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $0.96. The stock has a market cap of $126.98 million, a PE ratio of -0.70 and a beta of 2.57.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). The firm had revenue of $104.93 million during the quarter, compared to the consensus estimate of $151.47 million. GoPro had a negative net margin of 28.52% and a negative return on equity of 381.63%. Equities analysts forecast that GoPro will post -0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GPRO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GoPro in a report on Friday, October 16th. Zacks Research upgraded GoPro from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Wall Street Zen raised GoPro from a “strong sell” rating to a “sell” rating in a report on Sunday, August 23rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GoPro has an average rating of “Reduce”.

GoPro Company Profile

GoPro, Inc. develops and sells cameras, accessories and software designed to help consumers and professionals capture and share photos and video, particularly in action, travel, sports and outdoor settings. Its product portfolio includes compact HERO cameras, the MAX 360-degree camera and related mounts, grips, cases, lighting products and other accessories. The company also provides subscription-based services that complement its hardware, including cloud storage, automatic media backup, editing tools, premium features and other benefits.