Public Employees Retirement System of Ohio Invests $191,000 in GoPro, Inc. (NASDAQ:GPRO)

Public Employees Retirement System of Ohio acquired a new position in shares of GoPro, Inc. (NASDAQ:GPRO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 175,518 shares of the company’s stock, valued at approximately $191,000. Public Employees Retirement System of Ohio owned approximately 0.11% of GoPro at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GPRO. SG Americas Securities LLC raised its holdings in shares of GoPro by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company’s stock worth $139,000 after acquiring an additional 12,147 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in GoPro by 4.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company’s stock valued at $562,000 after purchasing an additional 20,141 shares during the period. Picton Mahoney Asset Management raised its position in GoPro by 77.4% during the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after purchasing an additional 12,172 shares during the period. Intech Investment Management LLC raised its position in GoPro by 123.3% during the fourth quarter. Intech Investment Management LLC now owns 57,924 shares of the company’s stock valued at $63,000 after purchasing an additional 31,985 shares during the period. Finally, Virtu Financial LLC purchased a new stake in GoPro during the fourth quarter valued at approximately $105,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

GoPro Stock Performance

Shares of GPRO stock opened at $0.69 on Friday. GoPro, Inc. has a 1 year low of $0.40 and a 1 year high of $1.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.84. The company has a market cap of $108.09 million, a PE ratio of -0.24 and a beta of 1.35.

Analyst Ratings Changes

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

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.