Trexquant Investment LP purchased a new stake in shares of GoPro Inc (NASDAQ:GPRO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 234,773 shares of the company’s stock, valued at approximately $1,526,000.
Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new position in GoPro during the fourth quarter valued at approximately $44,000. Blueshift Asset Management LLC purchased a new position in GoPro during the fourth quarter valued at approximately $47,000. Penserra Capital Management LLC lifted its holdings in GoPro by 50.0% during the first quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock valued at $59,000 after purchasing an additional 3,062 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in GoPro by 55.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after purchasing an additional 5,829 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in GoPro during the fourth quarter valued at approximately $72,000. 47.84% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Sandor Barna sold 21,642 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $7.49, for a total value of $162,098.58. Following the sale, the senior vice president now owns 189,223 shares in the company, valued at $1,417,280.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas Woodman sold 1,400,000 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $6.52, for a total transaction of $9,128,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,723,544 shares of company stock worth $24,177,289. Company insiders own 26.61% of the company’s stock.
Several brokerages have weighed in on GPRO. BidaskClub downgraded shares of GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Wedbush set a $8.00 price objective on shares of GoPro and gave the company a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their price objective on shares of GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. Longbow Research reiterated a “hold” rating on shares of GoPro in a research report on Tuesday, April 9th. Finally, Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a research report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.44.
Shares of GoPro stock traded up $0.02 on Friday, hitting $5.90. 45,665 shares of the company traded hands, compared to its average volume of 3,715,209. The stock has a market cap of $906.36 million, a P/E ratio of -12.83, a PEG ratio of 4.00 and a beta of 0.55. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.19. GoPro Inc has a 52 week low of $4.00 and a 52 week high of $7.64.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The firm had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $234.41 million. GoPro had a negative net margin of 4.80% and a negative return on equity of 15.82%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) earnings per share. As a group, equities analysts expect that GoPro Inc will post 0.15 EPS for the current year.
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GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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