GSA Capital Partners LLP Raises Holdings in GoPro, Inc. (NASDAQ:GPRO)

GSA Capital Partners LLP lifted its position in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 99.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,723,421 shares of the company's stock after buying an additional 859,677 shares during the period. GSA Capital Partners LLP owned approximately 1.09% of GoPro worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of GoPro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,923,899 shares of the company's stock valued at $3,187,000 after acquiring an additional 50,834 shares during the period. Two Sigma Investments LP lifted its position in GoPro by 4.2% during the fourth quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company's stock valued at $1,646,000 after purchasing an additional 61,484 shares in the last quarter. Renaissance Technologies LLC grew its holdings in GoPro by 14.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company's stock valued at $1,428,000 after purchasing an additional 164,600 shares during the period. Northern Trust Corp grew its holdings in GoPro by 8.7% during the fourth quarter. Northern Trust Corp now owns 1,150,517 shares of the company's stock valued at $1,254,000 after purchasing an additional 92,463 shares during the period. Finally, Jane Street Group LLC increased its position in GoPro by 52.4% in the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company's stock worth $820,000 after buying an additional 258,600 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

GoPro Trading Down 7.0%

Shares of GPRO traded down $0.09 during trading hours on Friday, reaching $1.20. 5,054,747 shares of the stock traded hands, compared to its average volume of 6,287,737. The company has a market cap of $189.06 million, a P/E ratio of -1.33 and a beta of 1.38. The company's 50-day moving average price is $0.87 and its two-hundred day moving average price is $0.78. GoPro, Inc. has a 52-week low of $0.40 and a 52-week high of $2.37.

GoPro (NASDAQ:GPRO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.01. GoPro had a negative return on equity of 60.09% and a negative net margin of 17.93%. The firm had revenue of $134,308 billion during the quarter, compared to analyst estimates of $124.65 million. On average, research analysts forecast that GoPro, Inc. will post -0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wedbush reiterated a "neutral" rating and set a $0.75 price objective (down from $1.00) on shares of GoPro in a research note on Tuesday, May 13th. Wall Street Zen raised shares of GoPro from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

GoPro Company Profile

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.