GoPro, Inc. $GPRO Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 1,441.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 945,410 shares of the company’s stock after purchasing an additional 884,085 shares during the quarter. GSA Capital Partners LLP’s holdings in GoPro were worth $1,333,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in GoPro in the second quarter valued at approximately $25,000. Captrust Financial Advisors raised its holdings in GoPro by 89.6% in the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after acquiring an additional 15,618 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in GoPro in the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its holdings in GoPro by 1,295,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after acquiring an additional 12,958 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in GoPro in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

GoPro Stock Down 4.0%

GPRO stock opened at $0.96 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. GoPro, Inc. has a twelve month low of $0.57 and a twelve month high of $3.05. The company’s 50 day moving average is $0.99 and its two-hundred day moving average is $1.24. The stock has a market cap of $157.59 million, a P/E ratio of -1.22 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%.The company had revenue of $99.07 million for the quarter, compared to analyst estimates of $137.54 million. Research analysts expect that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, GoPro has a consensus rating of “Sell”.

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.