Ameriprise Financial Inc. Cuts Position in GoPro, Inc. (NASDAQ:GPRO)

Ameriprise Financial Inc. trimmed its position in GoPro, Inc. (NASDAQ:GPRO) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,380 shares of the company’s stock after selling 28,902 shares during the quarter. Ameriprise Financial Inc. owned 0.30% of GoPro worth $500,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock valued at $26,000 after buying an additional 14,485 shares during the period. R Squared Ltd purchased a new stake in shares of GoPro during the 4th quarter valued at about $27,000. Picton Mahoney Asset Management raised its holdings in shares of GoPro by 77.4% during the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after buying an additional 12,172 shares during the period. MetLife Investment Management LLC raised its holdings in shares of GoPro by 90.4% during the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock valued at $39,000 after buying an additional 17,158 shares during the period. Finally, Two Sigma Securities LLC raised its holdings in shares of GoPro by 139.4% during the 4th quarter. Two Sigma Securities LLC now owns 44,283 shares of the company’s stock valued at $48,000 after buying an additional 25,788 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

GoPro Price Performance

Shares of GPRO opened at $0.67 on Wednesday. The firm has a market cap of $104.77 million, a price-to-earnings ratio of -0.23 and a beta of 1.39. The stock has a 50 day moving average of $0.58 and a 200-day moving average of $0.85. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. GoPro, Inc. has a 52 week low of $0.40 and a 52 week high of $1.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded GoPro from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Wedbush restated a “neutral” rating and set a $0.75 price objective (down previously from $1.00) on shares of GoPro in a research note on Tuesday, May 13th.

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.