Quantitative Systematic Strategies LLC decreased its position in GoPro Inc. (NASDAQ:GPRO) by 90.1% during the second quarter, Holdings Channel reports. The firm owned 15,659 shares of the company’s stock after selling 142,647 shares during the period. Quantitative Systematic Strategies LLC’s holdings in GoPro were worth $169,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in GPRO. OMERS ADMINISTRATION Corp increased its stake in GoPro by 17.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 229,300 shares of the company’s stock worth $2,742,000 after buying an additional 34,500 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in shares of GoPro during the first quarter valued at approximately $1,220,000. Essex Investment Management Co. LLC purchased a new stake in shares of GoPro during the second quarter valued at approximately $910,000. Americafirst Capital Management LLC purchased a new stake in shares of GoPro during the second quarter valued at approximately $556,000. Finally, Sanders Morris Harris Inc. increased its stake in shares of GoPro by 71.4% in the second quarter. Sanders Morris Harris Inc. now owns 40,800 shares of the company’s stock valued at $441,000 after buying an additional 17,000 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.
GoPro Inc. (NASDAQ:GPRO) traded up 2.42% during trading on Tuesday, reaching $14.41. The company’s stock had a trading volume of 6,694,333 shares. The stock’s market cap is $2.01 billion. GoPro Inc. has a 12 month low of $8.62 and a 12 month high of $30.67. The company’s 50-day moving average is $15.08 and its 200-day moving average is $12.67.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was down 47.4% on a year-over-year basis. Equities analysts expect that GoPro Inc. will post ($1.07) EPS for the current fiscal year.
GPRO has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. restated a “market perform” rating and issued a $43.00 target price on shares of GoPro in a research note on Friday, July 15th. Dougherty & Co restated a “hold” rating on shares of GoPro in a research note on Monday, July 18th. JPMorgan Chase & Co. set a $17.00 target price on shares of GoPro and gave the company a “buy” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $11.00 target price on shares of GoPro in a research note on Tuesday, July 26th. Finally, Wedbush boosted their target price on shares of GoPro from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. GoPro currently has a consensus rating of “Hold” and a consensus target price of $15.89.
In other news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of the transaction, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward A. Gilhuly sold 700,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $15.12, for a total value of $10,584,000.00. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
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