GoPro, Inc. (NASDAQ:GPRO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 29.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239,346 shares of the company's stock after selling 514,671 shares during the period. Assenagon Asset Management S.A. owned approximately 0.82% of GoPro worth $4,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPRO. Swiss National Bank grew its holdings in shares of GoPro by 1.6% in the third quarter. Swiss National Bank now owns 284,400 shares of the company's stock valued at $893,000 after acquiring an additional 4,500 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in GoPro by 35.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,612,554 shares of the company's stock worth $5,063,000 after purchasing an additional 421,292 shares during the period. Walleye Capital LLC boosted its position in GoPro by 1.8% during the third quarter. Walleye Capital LLC now owns 809,135 shares of the company's stock worth $2,541,000 after purchasing an additional 14,382 shares during the period. QRG Capital Management Inc. bought a new position in GoPro during the third quarter worth about $108,000. Finally, Caxton Associates LP boosted its position in GoPro by 129.8% during the third quarter. Caxton Associates LP now owns 350,450 shares of the company's stock worth $1,100,000 after purchasing an additional 197,915 shares during the period. 70.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

GPRO has been the topic of a number of recent analyst reports. Wedbush reissued a "neutral" rating and issued a $2.00 price target on shares of GoPro in a report on Wednesday, March 27th. Morgan Stanley downgraded shares of GoPro from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $4.20 to $3.00 in a report on Tuesday, December 12th.

GoPro Price Performance

GPRO traded down $0.10 on Tuesday, reaching $2.15. The company had a trading volume of 1,515,082 shares, compared to its average volume of 1,826,185. The business has a 50 day simple moving average of $2.49 and a 200 day simple moving average of $2.96. The company has a current ratio of 1.73, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17. GoPro, Inc. has a 52-week low of $2.12 and a 52-week high of $5.05.

GoPro (NASDAQ:GPRO - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $295.42 million for the quarter, compared to the consensus estimate of $326.99 million. GoPro had a negative net margin of 5.29% and a negative return on equity of 11.66%. On average, sell-side analysts forecast that GoPro, Inc. will post -0.38 EPS for the current year.

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.