Cwm LLC Purchases 104,104 Shares of GoPro, Inc. (NASDAQ:GPRO)

Cwm LLC increased its position in GoPro, Inc. (NASDAQ:GPRO) by 2,346.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,541 shares of the company’s stock after purchasing an additional 104,104 shares during the period. Cwm LLC owned 0.07% of GoPro worth $72,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of GoPro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,923,899 shares of the company’s stock worth $3,187,000 after purchasing an additional 50,834 shares in the last quarter. Two Sigma Investments LP raised its stake in GoPro by 4.2% during the fourth quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock valued at $1,646,000 after buying an additional 61,484 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in GoPro by 14.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock worth $1,428,000 after acquiring an additional 164,600 shares in the last quarter. Northern Trust Corp grew its stake in shares of GoPro by 8.7% in the fourth quarter. Northern Trust Corp now owns 1,150,517 shares of the company’s stock worth $1,254,000 after acquiring an additional 92,463 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of GoPro by 52.4% in the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock worth $820,000 after acquiring an additional 258,600 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

GoPro Trading Down 7.0%

GPRO stock opened at $1.20 on Friday. The stock’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.78. GoPro, Inc. has a 12-month low of $0.40 and a 12-month high of $2.37. The stock has a market capitalization of $189.06 million, a PE ratio of -1.33 and a beta of 1.40.

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

Analyst Ratings Changes

GPRO has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of 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 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.