GSA Capital Partners LLP Raises Stake in GoPro, Inc. (NASDAQ:GPRO)

GSA Capital Partners LLP boosted its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 99.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,723,421 shares of the company’s stock after purchasing an additional 859,677 shares during the period. GSA Capital Partners LLP owned approximately 1.09% of GoPro worth $1,142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after purchasing an additional 14,485 shares during the last quarter. MetLife Investment Management LLC grew its position in GoPro by 90.4% during the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock worth $39,000 after purchasing an additional 17,158 shares during the last quarter. Squarepoint Ops LLC purchased a new position in GoPro during the 4th quarter worth $42,000. Two Sigma Securities LLC grew its position in GoPro by 139.4% during the 4th quarter. Two Sigma Securities LLC now owns 44,283 shares of the company’s stock worth $48,000 after purchasing an additional 25,788 shares during the last quarter. Finally, Disciplined Investors L.L.C. purchased a new position in GoPro during the 4th quarter worth $67,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

GoPro Stock Up 3.9%

Shares of GoPro stock opened at $1.34 on Thursday. GoPro, Inc. has a 52-week low of $0.40 and a 52-week high of $2.37. The company’s 50-day simple moving average is $0.86 and its 200-day simple moving average is $0.78. The firm has a market cap of $211.12 million, a price-to-earnings ratio of -1.49 and a beta of 1.38.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. GoPro had a negative net margin of 17.93% and a negative return on equity of 60.09%. The business had revenue of $134,308 billion for the quarter, compared to analyst estimates of $124.65 million. Equities research analysts anticipate that GoPro, Inc. will post -0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GPRO. Wall Street Zen raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Wedbush reiterated a “neutral” rating and set a $0.75 price target (down 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.