Mirae Asset Global Investments Co. Ltd. Has $213,000 Holdings in GoPro, Inc. (NASDAQ:GPRO)

Mirae Asset Global Investments Co. Ltd. lessened its stake in GoPro, Inc. (NASDAQ:GPRO) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,456 shares of the company’s stock after selling 51,728 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in GoPro were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in GoPro by 1.6% in the 3rd quarter. Swiss National Bank now owns 284,400 shares of the company’s stock valued at $893,000 after acquiring an additional 4,500 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in GoPro by 35.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,612,554 shares of the company’s stock valued at $5,063,000 after acquiring an additional 421,292 shares in the last quarter. Walleye Capital LLC increased its position in GoPro by 1.8% in the 3rd quarter. Walleye Capital LLC now owns 809,135 shares of the company’s stock valued at $2,541,000 after acquiring an additional 14,382 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of GoPro during the 3rd quarter worth approximately $108,000. Finally, Caxton Associates LP grew its position in shares of GoPro by 129.8% during the 3rd quarter. Caxton Associates LP now owns 350,450 shares of the company’s stock worth $1,100,000 after buying an additional 197,915 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reiterated a “neutral” rating and set a $2.00 price target on shares of GoPro in a research report on Wednesday, March 27th.

GoPro Stock Up 1.2 %

Shares of NASDAQ:GPRO opened at $1.73 on Friday. GoPro, Inc. has a one year low of $1.67 and a one year high of $4.45. The company has a 50 day moving average of $2.12 and a 200-day moving average of $2.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.35. The stock has a market cap of $259.33 million, a price-to-earnings ratio of -5.09 and a beta of 1.43.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. GoPro had a negative net margin of 5.29% and a negative return on equity of 11.66%. The company had revenue of $295.42 million during the quarter, compared to analysts’ expectations of $326.99 million. On average, sell-side analysts forecast that GoPro, Inc. will post -0.38 earnings per share for the current year.

About GoPro

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.