CIBC World Markets Inc. Raises Position in GoPro Inc (GPRO)

CIBC World Markets Inc. boosted its position in shares of GoPro Inc (NASDAQ:GPRO) by 477.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 225,392 shares of the company’s stock after buying an additional 186,392 shares during the quarter. CIBC World Markets Inc.’s holdings in GoPro were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Indaba Capital Management L.P. acquired a new stake in GoPro during the first quarter valued at approximately $10,551,000. BlackRock Inc. boosted its holdings in GoPro by 9.1% during the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after purchasing an additional 629,370 shares in the last quarter. Millennium Management LLC boosted its holdings in GoPro by 310.4% during the fourth quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after purchasing an additional 517,298 shares in the last quarter. Arnhold LLC acquired a new stake in GoPro during the first quarter valued at approximately $1,627,000. Finally, SG Americas Securities LLC boosted its holdings in GoPro by 464.7% during the first quarter. SG Americas Securities LLC now owns 388,031 shares of the company’s stock valued at $1,859,000 after purchasing an additional 319,318 shares in the last quarter. Hedge funds and other institutional investors own 28.23% of the company’s stock.

A number of equities research analysts have weighed in on the company. ValuEngine raised GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. BidaskClub raised GoPro from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Vetr downgraded GoPro from a “strong-buy” rating to a “buy” rating and set a $6.36 price objective on the stock. in a report on Tuesday, March 6th. Citigroup reaffirmed a “hold” rating and set a $6.50 price objective (up from $5.50) on shares of GoPro in a report on Friday, March 9th. Finally, JPMorgan Chase & Co. set a $8.00 price objective on GoPro and gave the company a “hold” rating in a report on Friday, May 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.48.

Shares of GoPro opened at $6.44 on Friday, according to MarketBeat. The company has a market capitalization of $946.46 million, a PE ratio of -6.08 and a beta of 0.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.04 and a current ratio of 1.57. GoPro Inc has a one year low of $4.42 and a one year high of $11.89.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, May 3rd. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.04. The business had revenue of $202.35 million for the quarter, compared to the consensus estimate of $182.26 million. GoPro had a negative return on equity of 38.90% and a negative net margin of 12.73%. GoPro’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) EPS. sell-side analysts expect that GoPro Inc will post -0.54 EPS 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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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