GoPro (NASDAQ:GPRO) SVP Jason Christopher Stephen Sells 16,894 Shares of Stock

GoPro, Inc. (NASDAQ:GPRO) SVP Jason Christopher Stephen sold 16,894 shares of GoPro stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1.11, for a total value of $18,752.34. Following the sale, the senior vice president directly owned 381,324 shares in the company, valued at $423,269.64. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Christopher Stephen also recently made the following trade(s):

• On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The shares were sold at an average price of $0.80, for a total value of $4,314.40.

GoPro Stock Performance

GoPro stock opened at $1.00 on Wednesday. GoPro, Inc. has a 52-week low of $0.57 and a 52-week high of $3.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.38. The stock has a fifty day moving average price of $0.99 and a two-hundred day moving average price of $1.24. The firm has a market capitalization of $164.16 million, a P/E ratio of -1.27 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last posted its earnings results on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.32). The firm had revenue of $99.07 million during the quarter, compared to the consensus estimate of $137.54 million. GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%. As a group, analysts anticipate that GoPro, Inc. will post -0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

GPRO has been the subject of several research analyst reports. Weiss Ratings downgraded GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Wall Street Zen lowered shares of GoPro from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On GoPro

A number of institutional investors and hedge funds have recently modified their holdings of GPRO. Charles Schwab Investment Management Inc. boosted its stake in GoPro by 16.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,278,484 shares of the company’s stock valued at $10,263,000 after acquiring an additional 1,013,494 shares during the last quarter. UBS Group AG boosted its position in shares of GoPro by 168.6% in the 4th quarter. UBS Group AG now owns 3,781,516 shares of the company’s stock worth $5,332,000 after purchasing an additional 2,373,901 shares during the last quarter. AQR Capital Management LLC increased its holdings in GoPro by 957.3% in the first quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock valued at $2,445,000 after purchasing an additional 3,338,941 shares during the last quarter. Millennium Management LLC lifted its stake in GoPro by 111.9% in the fourth quarter. Millennium Management LLC now owns 3,438,671 shares of the company’s stock valued at $4,849,000 after buying an additional 1,815,637 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in GoPro by 59.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company’s stock worth $4,456,000 after buying an additional 781,426 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

About GoPro

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.