GoPro, Inc. (NASDAQ:GPRO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its stake in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Graham Capital Management L.P. grew its position in shares of GoPro by 566.8% in the fourth quarter. Graham Capital Management L.P. now owns 72,253 shares of the company's stock valued at $79,000 after purchasing an additional 61,418 shares during the period. Bridgeway Capital Management LLC grew its position in shares of GoPro by 110.8% in 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 period. Balyasny Asset Management L.P. acquired a new stake in shares of GoPro in the fourth quarter valued at about $159,000. Bank of America Corp DE grew its position in shares of GoPro by 19.5% in the fourth quarter. Bank of America Corp DE now owns 346,917 shares of the company's stock valued at $378,000 after purchasing an additional 56,586 shares during the period. Finally, Jane Street Group LLC grew its position in shares of GoPro by 52.4% in 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 period. Institutional investors and hedge funds own 70.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GPRO shares. StockNews.com upgraded shares of GoPro from a "sell" rating to a "hold" rating in a research report on Tuesday. Wedbush restated a "neutral" rating and set a $0.75 price target (down from $1.00) on shares of GoPro in a research report on Tuesday.

GoPro Stock Performance

GPRO opened at $0.60 on Friday. The firm has a market capitalization of $95.06 million, a PE ratio of -0.21 and a beta of 1.39. GoPro, Inc. has a twelve month low of $0.40 and a twelve month high of $1.76. The firm's 50-day moving average price is $0.61 and its 200 day moving average price is $0.92. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

About GoPro

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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