Koch Industries Inc. purchased a new position in GoPro Inc (NASDAQ:GPRO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 61,763 shares of the company’s stock, valued at approximately $296,000.
A number of other institutional investors have also bought and sold shares of GPRO. Schwab Charles Investment Management Inc. lifted its stake in GoPro by 25.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock worth $5,926,000 after purchasing an additional 160,745 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of GoPro during the fourth quarter valued at about $269,000. California Public Employees Retirement System raised its stake in shares of GoPro by 11.2% during the fourth quarter. California Public Employees Retirement System now owns 213,992 shares of the company’s stock valued at $1,620,000 after acquiring an additional 21,592 shares during the last quarter. Swiss National Bank raised its stake in shares of GoPro by 8.8% during the fourth quarter. Swiss National Bank now owns 181,300 shares of the company’s stock valued at $1,372,000 after acquiring an additional 14,600 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of GoPro by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 418,781 shares of the company’s stock valued at $3,171,000 after acquiring an additional 10,890 shares during the last quarter. 28.23% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on GPRO. BidaskClub raised shares of GoPro from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 7th. Vetr downgraded shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $6.36 price objective for the company. in a research note on Tuesday, March 6th. ValuEngine raised shares of GoPro from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 12th. JPMorgan Chase & Co. set a $8.00 price objective on shares of GoPro and gave the company a “hold” rating in a research note on Friday, May 4th. Finally, Citigroup lowered their price objective on shares of GoPro from $6.50 to $5.30 and set a “neutral” rating for the company in a research note on Friday, May 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.48.
GoPro opened at $6.23 on Monday, Marketbeat.com reports. GoPro Inc has a 1 year low of $4.42 and a 1 year high of $11.89. The stock has a market capitalization of $922.76 million, a P/E ratio of -5.88 and a beta of 0.24. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.61.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, May 3rd. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.04. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. The company had revenue of $202.35 million during the quarter, compared to the consensus estimate of $182.26 million. During the same period in the prior year, the firm earned ($0.44) earnings per share. GoPro’s revenue was down 7.4% on a year-over-year basis. equities analysts anticipate that GoPro Inc will post -0.47 earnings per share for the current fiscal year.
GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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