Ieq Capital LLC acquired a new position in GoPro, Inc. (NASDAQ:GPRO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 319,828 shares of the company's stock, valued at approximately $212,000. Ieq Capital LLC owned 0.20% of GoPro at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of GPRO. Charles Schwab Investment Management Inc. lifted its holdings in GoPro by 132.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company's stock worth $2,146,000 after buying an additional 1,841,983 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of GoPro by 99.5% during the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company's stock valued at $1,142,000 after purchasing an additional 859,677 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of GoPro by 110.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company's stock valued at $787,000 after purchasing an additional 379,500 shares during the last quarter. Nuveen LLC purchased a new position in shares of GoPro during the first quarter valued at approximately $250,000. Finally, Jane Street Group LLC lifted its holdings in shares of GoPro by 52.4% during the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company's stock valued at $820,000 after purchasing an additional 258,600 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
GPRO has been the subject of several recent research reports. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Morgan Stanley reiterated an "underweight" rating on shares of GoPro in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, GoPro currently has a consensus rating of "Reduce" and an average target price of $0.75.
View Our Latest Analysis on GoPro
Insider Buying and Selling
In other GoPro news, EVP Brian Mcgee sold 150,043 shares of GoPro stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $1.24, for a total value of $186,053.32. Following the completion of the sale, the executive vice president owned 779,974 shares of the company's stock, valued at approximately $967,167.76. The trade was a 16.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.38% of the company's stock.
GoPro Trading Up 3.5%
NASDAQ:GPRO traded up $0.07 during trading hours on Friday, reaching $2.07. The company had a trading volume of 18,030,661 shares, compared to its average volume of 9,483,456. GoPro, Inc. has a 52 week low of $0.40 and a 52 week high of $2.37. The firm has a market cap of $327.43 million, a price-to-earnings ratio of -3.00 and a beta of 1.51. The firm's 50 day moving average price is $1.32 and its 200-day moving average price is $0.89.
GoPro Company Profile
(
Free Report)
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
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