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Barclays "Struggling" With GoPro Valuation

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Mark Melin
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Like many in the hedge fund world, Barclays has “been struggling with GoPro’s valuation since early September,” according to a research note released by the bank today.

As reported in previously, the GoPro Inc (NASDAQ:GPRO) initial public offering was termed “rich” by many insiders.  Many had noted that GoPro Inc (NASDAQ:GPRO)  marketed itself as a media company to obtain a higher value. (ValueWalk previously reported on a specific hedge fund shorting the stock based largely on this thesis.)

GoPro Inc GPRO
GoPro Inc GPRO

Barclays on GoPro Inc (NASDAQ:GPRO) valuation

The Barclays research note...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.