"Should GoPro's Price Be Even Lower?" - asks a Boston-based hedge fund. Presentation details intellectual property that powers GoPro's devices. It rests on months of extensive research in which Devonshire Capital Funds analyzed GoPro's existing intellectual property portfolio as well as individual patents that seem to be the foundation of its technology. Presentation argues that GoPro's valuation is grossly inflated. It warns of potential impact on the share price and subsequently on company's market cap in case of patent litigation.