Acadian Asset Management LLC decreased its holdings in shares of GoPro, Inc. (NASDAQ:GPRO - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,537,898 shares of the company's stock after selling 272,657 shares during the quarter. Acadian Asset Management LLC owned 2.88% of GoPro worth $3,006,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of GoPro during the first quarter valued at approximately $250,000. Charles Schwab Investment Management Inc. grew its stake in shares of GoPro by 132.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company's stock valued at $2,146,000 after buying an additional 1,841,983 shares during the last quarter. GSA Capital Partners LLP grew its stake 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 buying an additional 859,677 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of GoPro during the first quarter valued at approximately $50,000. Finally, Ieq Capital LLC bought a new position in shares of GoPro during the first quarter valued at approximately $212,000. Institutional investors own 70.09% of the company's stock.
Insiders Place Their Bets
In other GoPro news, EVP Brian Mcgee sold 150,043 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.24, for a total transaction of $186,053.32. Following the completion of the sale, the executive vice president owned 779,974 shares in the company, valued at $967,167.76. This represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.38% of the stock is currently owned by corporate insiders.
GoPro Stock Performance
GoPro stock traded down $0.02 during mid-day trading on Wednesday, reaching $2.31. 16,861,063 shares of the company were exchanged, compared to its average volume of 11,606,478. The business has a fifty day moving average of $1.41 and a 200 day moving average of $0.93. The firm has a market cap of $365.40 million, a P/E ratio of -3.35 and a beta of 1.51. GoPro, Inc. has a 12-month low of $0.40 and a 12-month high of $2.58.
Analysts Set New Price Targets
A number of brokerages recently issued reports on GPRO. Morgan Stanley reiterated an "underweight" rating on shares of GoPro in a report on Tuesday, August 12th. Wall Street Zen upgraded GoPro from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $0.75.
Read Our Latest Stock Analysis on GoPro
About GoPro
(
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.
Further Reading
Before you consider GoPro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoPro wasn't on the list.
While GoPro currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
