Dimensional Fund Advisors LP decreased its position in shares of GoPro Inc (NASDAQ:GPRO) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 351,492 shares of the company’s stock after selling 21,532 shares during the period. Dimensional Fund Advisors LP owned about 0.23% of GoPro worth $1,491,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Advisors LLC grew its stake in shares of GoPro by 23.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 65,697 shares of the company’s stock valued at $473,000 after buying an additional 12,437 shares during the period. Teachers Advisors LLC grew its stake in shares of GoPro by 5.1% in the 3rd quarter. Teachers Advisors LLC now owns 233,258 shares of the company’s stock valued at $1,679,000 after buying an additional 11,360 shares during the period. Morgan Stanley grew its stake in shares of GoPro by 48.5% in the 3rd quarter. Morgan Stanley now owns 1,404,411 shares of the company’s stock valued at $10,112,000 after buying an additional 458,907 shares during the period. Vanguard Group Inc. grew its stake in shares of GoPro by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after buying an additional 318,197 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of GoPro in the 3rd quarter valued at approximately $16,679,000. Hedge funds and other institutional investors own 44.85% of the company’s stock.
In other GoPro news, Director Tyrone Ahmad-Taylor sold 8,378 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $6.43, for a total transaction of $53,870.54. Following the sale, the director now directly owns 4,189 shares in the company, valued at approximately $26,935.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sandor Barna sold 21,642 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total transaction of $162,098.58. Following the sale, the senior vice president now owns 189,223 shares in the company, valued at $1,417,280.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,723,544 shares of company stock worth $23,001,289. 26.61% of the stock is owned by company insiders.
Several analysts have recently weighed in on the stock. BidaskClub raised shares of GoPro from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a report on Thursday, May 16th. Longbow Research restated a “hold” rating on shares of GoPro in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of GoPro from $7.50 to $8.00 in a report on Friday, May 10th. Finally, Wedbush set a $8.00 price objective on shares of GoPro and gave the stock a “hold” rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. GoPro has an average rating of “Hold” and an average price target of $7.44.
GoPro stock traded up $0.05 during mid-day trading on Friday, reaching $7.20. 1,835,900 shares of the company’s stock were exchanged, compared to its average volume of 4,215,910. The firm has a market cap of $1.12 billion, a PE ratio of -15.65, a price-to-earnings-growth ratio of 4.85 and a beta of 0.69. GoPro Inc has a twelve month low of $4.00 and a twelve month high of $7.64. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 1.08.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.06. The company had revenue of $243.00 million for the quarter, compared to analyst estimates of $234.41 million. GoPro had a negative net margin of 4.80% and a negative return on equity of 15.82%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.34) EPS. On average, equities research analysts anticipate that GoPro Inc will post 0.15 earnings per share for the current fiscal year.
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GoPro Company Profile
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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