12 Best Robinhood Stocks to Buy Under $20

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8. GoPro Inc. (NASDAQ:GPRO)

Number of Hedge Fund Holders: 13

GoPro Inc. (NASDAQ:GPRO) is a leading producer of cameras and accessories designed for mountable and wearable use. In addition to cameras, the company provides a subscription service with access to powerful video and photo editing tools, along with a suite of mobile, desktop, and web applications for seamless content creation and sharing.

GoPro Inc. (NASDAQ:GPRO) continued its research into next-generation camera technology. In January and February 2025, the company was granted several patents related to camera sensor technology and lens stabilization that could offer even more compact designs and improved image quality in future products. GoPro (NASDAQ:GPRO) has joined forces with MotoGP and the FIM Motocross World Championship (MXGP) to deliver even more immersive, rider-first racing content.

GoPro (NASDAQ:GPRO) reported a challenging Q4 2024, with revenue declining 32% year-over-year to $201 million. This was primarily driven by a 16% drop in camera unit sell-through (775,000 units). Despite this, subscription and service revenue rose 9%, totaling $27 million, bolstered by an 8% increase in average revenue per user and a slight 1% growth in subscribers to 2.52 million. Its focus on expanding subscription services and maintaining premium-priced camera sales (84% of revenue from cameras priced above $400) could provide some stability going forward.

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