Two Sigma Investments LP Acquires 61,484 Shares of GoPro, Inc. (NASDAQ:GPRO)

Two Sigma Investments LP increased its holdings in GoPro, Inc. (NASDAQ:GPRO) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,510,166 shares of the company’s stock after buying an additional 61,484 shares during the quarter. Two Sigma Investments LP owned about 0.98% of GoPro worth $1,646,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GPRO. SG Americas Securities LLC increased its holdings in GoPro by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company’s stock worth $139,000 after buying an additional 12,147 shares in the last quarter. R Squared Ltd purchased a new position in GoPro in the fourth quarter worth about $27,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in GoPro by 4.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company’s stock worth $562,000 after purchasing an additional 20,141 shares during the last quarter. Picton Mahoney Asset Management boosted its position in GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock worth $30,000 after purchasing an additional 12,172 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in GoPro by 123.3% in the fourth quarter. Intech Investment Management LLC now owns 57,924 shares of the company’s stock worth $63,000 after purchasing an additional 31,985 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

GoPro Stock Down 4.5%

GPRO stock opened at $0.63 on Tuesday. GoPro, Inc. has a twelve month low of $0.40 and a twelve month high of $1.76. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The stock has a market cap of $99.78 million, a P/E ratio of -0.22 and a beta of 1.39. The business’s 50-day moving average price is $0.58 and its 200-day moving average price is $0.85.

Analyst Ratings Changes

Several research analysts have issued reports on GPRO shares. Wedbush reissued a “neutral” rating and issued a $0.75 target price (down from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. Wall Street Zen raised GoPro from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

GoPro Company Profile

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.