Squarepoint Ops LLC Takes Position in GoPro, Inc. (NASDAQ:GPRO)

Squarepoint Ops LLC bought a new stake in shares of GoPro, Inc. (NASDAQ:GPRO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,543 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently modified their holdings of the stock. Two Sigma Investments LP grew its position in shares of GoPro by 4.2% during the 4th quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock worth $1,646,000 after buying an additional 61,484 shares in the last quarter. Graham Capital Management L.P. lifted its stake in shares of GoPro by 566.8% during the 4th quarter. Graham Capital Management L.P. now owns 72,253 shares of the company’s stock worth $79,000 after purchasing an additional 61,418 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in GoPro by 110.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after buying an additional 379,500 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in GoPro in the fourth quarter valued at about $159,000. Finally, Bank of America Corp DE raised its stake in GoPro by 19.5% in the fourth quarter. Bank of America Corp DE now owns 346,917 shares of the company’s stock valued at $378,000 after buying an additional 56,586 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

GoPro Stock Performance

NASDAQ GPRO opened at $0.85 on Wednesday. The company has a market cap of $134.64 million, a PE ratio of -0.30 and a beta of 1.35. The stock’s 50 day simple moving average is $0.59 and its 200-day simple moving average is $0.84. 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $0.75 price objective (down from $1.00) on shares of GoPro in a report on Tuesday, May 13th. Wall Street Zen raised GoPro from a “sell” rating to a “hold” rating in a 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.