76,160 Shares in GoPro, Inc. (NASDAQ:GPRO) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in GoPro, Inc. (NASDAQ:GPRO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,160 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in GoPro by 153.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock valued at $26,000 after acquiring an additional 14,485 shares during the period. Picton Mahoney Asset Management raised its stake in GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after acquiring an additional 12,172 shares during the period. MetLife Investment Management LLC raised its stake in GoPro by 90.4% in the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock valued at $39,000 after acquiring an additional 17,158 shares during the period. Squarepoint Ops LLC bought a new stake in GoPro in the 4th quarter valued at about $42,000. Finally, Two Sigma Securities LLC raised its stake in GoPro by 139.4% in the 4th quarter. Two Sigma Securities LLC now owns 44,283 shares of the company’s stock valued at $48,000 after acquiring an additional 25,788 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

GoPro Stock Up 4.6%

GPRO stock opened at $0.82 on Friday. The firm has a market capitalization of $129.19 million, a PE ratio of -0.91 and a beta of 1.38. GoPro, Inc. has a twelve month low of $0.40 and a twelve month high of $1.76. The stock has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.78.

Analyst Upgrades and Downgrades

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

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.