Jacobs Levy Equity Management Inc. Sells 609,988 Shares of GoPro, Inc. (NASDAQ:GPRO)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of GoPro, Inc. (NASDAQ:GPRO - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,326,901 shares of the company's stock after selling 609,988 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.50% of GoPro worth $2,536,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bridgeway Capital Management LLC boosted 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 worth $787,000 after purchasing an additional 379,500 shares during the period. Jane Street Group LLC increased its stake in GoPro by 52.4% in the 4th quarter. Jane Street Group LLC now owns 752,021 shares of the company's stock valued at $820,000 after buying an additional 258,600 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in GoPro in the 4th quarter worth approximately $221,000. Renaissance Technologies LLC boosted its stake in shares of GoPro by 14.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company's stock valued at $1,428,000 after buying an additional 164,600 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of GoPro during the 4th quarter valued at $159,000. Institutional investors and hedge funds own 70.09% of the company's stock.

GoPro Stock Down 2.4%

NASDAQ:GPRO traded down $0.02 during mid-day trading on Wednesday, reaching $0.61. The stock had a trading volume of 326,324 shares, compared to its average volume of 2,478,261. The stock has a market cap of $95.32 million, a P/E ratio of -0.21 and a beta of 1.39. The business's 50 day moving average is $0.61 and its 200 day moving average is $0.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. GoPro, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $1.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of GoPro from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Wedbush restated a "neutral" rating and issued a $0.75 target price (down previously from $1.00) on shares of GoPro in a research note on Tuesday, May 13th.

GoPro 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.