Virginia Retirement Systems ET AL increased its holdings of GoPro, Inc. (NASDAQ:GPRO – Get Rating) stock by 22.9% in Q1, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission ( DRY ). The fund held 93,900 shares of the company after buying an additional 17,500 shares during the period. Virginia Retirement Systems ET AL’s holdings in GoPro were worth $801,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other institutional investors also changed their stakes in GPRO. Wellington Management Group LLP bought a new stock position in GoPro during the third quarter worth $195,000. Bank of New York Mellon Corp increased its stake in GoPro to 65.8% in the third quarter. Bank of New York Mellon Corp now owns 2,812,112 shares of the company valued at $26,321,000 after buying an additional 1,116,188 shares last quarter. UBS Asset Management Americas Inc. increased its stake in GoPro by 9.0% in the third quarter. UBS Asset Management Americas Inc. now owns 147,031 shares of the company valued at $1,376,000 after buying an additional 12,128 shares last quarter. Sciencast Management LP bought a new position in GoPro in the fourth quarter worth $544,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in GoPro in the fourth quarter worth $124,000. 78.36% of the shares are held by hedge funds and other institutional investors.
GPRO stock opened at $5.56 on Friday. The stock has a market capitalization of $874.45 million, a P/E ratio of 2.34 and a beta of 1.13. The company has a 50-day simple moving average of $6.53 and a 200-day simple moving average of $8.13. The company has a quick ratio of 1.53, a current ratio of 1.86 and a leverage ratio of 0.24. GoPro, Inc. has a 52-week low of $5.35 and a 52-week high of $12.14.
GoPro (NASDAQ:GPRO – Get Rating) last released its results on Thursday, May 5. The company reported EPS of $0.05 for the quarter. The company posted revenue of $217.00 million in the quarter, compared to $217.00 million expected by analysts. GoPro had a net margin of 32.96% and a return on equity of 24.58%. The company’s quarterly revenue increased 6.4% year over year. In the same quarter of the previous year, the company had earned earnings per share of ($0.03). On average, analysts expect GoPro, Inc. to post 0.7 earnings per share for the current year.
GPRO has been the subject of a number of recent analyst reports. Citigroup cut its price target on GoPro shares from $9.00 to $8.00 in a Friday, May 6 report. Morgan Stanley cut its price target on GoPro shares from $11.00 to $8.00 and set an “equal weight” rating for the company in a Tuesday, June 14 report. Finally, StockNews.com upgraded GoPro shares from a “buy” rating to a “hold” rating in a Monday, May 9 report. Two analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. According to MarketBeat, GoPro currently has an average rating of “Moderate Buy” and a consensus target price of $11.30.
Separately, SVP Dean Jahnke sold 14,089 shares of the company in a transaction dated Friday, June 24. The shares were sold at an average price of $6.12, for a total transaction of $86,224.68. Following the transaction, the senior vice president now directly owns 248,339 shares of the company, valued at $1,519,834.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, SVP S Aimee Lapic sold 30,642 shares of the company in a transaction dated Wednesday, April 20. The stock was sold at an average price of $9.00, for a total transaction of $275,778.00. As a result of the transaction, the senior vice president now owns 301,045 shares of the company, valued at $2,709,405. The disclosure of this sale can be found here. Insiders sold 302,033 shares of the company worth $2,374,623 in the past 90 days. 17.95% of the shares are currently held by insiders of the company.
About GoPro (Get a rating)
GoPro, Inc develops and sells cameras, mountable and wearable accessories, as well as subscription services and software in the United States and around the world. The company offers waterproof HERO10 Black, HERO9 Black, and cloud-connected HERO8 Black cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting video and photo source quality, camera replacement, and damage protection; The Quik subscription provides access to editing tools, which allow users to edit photos, videos and create cinematic stories; and the Quik app, a mobile app that lets users get their favorite photos and videos with images from any phone or camera.
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