Ladenburg Thalmann Financial Services Inc. Raises Holdings in GoPro (GPRO)

Ladenburg Thalmann Financial Services Inc. raised its stake in shares of GoPro (NASDAQ:GPRO) by 235.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,621 shares of the company’s stock after buying an additional 21,501 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in GoPro were worth $233,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Argent Capital Management LLC acquired a new stake in shares of GoPro during the 3rd quarter valued at $1,028,000. CIBC World Markets Inc. acquired a new stake in shares of GoPro during the 4th quarter valued at $295,000. Spark Investment Management LLC acquired a new stake in shares of GoPro during the 4th quarter valued at $2,237,000. California Public Employees Retirement System boosted its stake in shares of GoPro by 11.2% during the 4th quarter. California Public Employees Retirement System now owns 213,992 shares of the company’s stock valued at $1,620,000 after buying an additional 21,592 shares during the period. Finally, MUFG Securities EMEA plc boosted its stake in shares of GoPro by 958.1% during the 4th quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock valued at $267,000 after buying an additional 31,952 shares during the period. 26.00% of the stock is owned by institutional investors.

GPRO has been the subject of several analyst reports. Vetr lowered shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $6.36 price objective for the company. in a research note on Tuesday, March 6th. JPMorgan Chase set a $9.00 price objective on shares of GoPro and gave the company a “buy” rating in a research note on Monday, January 8th. Citigroup reaffirmed a “hold” rating and issued a $6.50 price objective (up previously from $5.50) on shares of GoPro in a research note on Friday, March 9th. Zacks Investment Research raised shares of GoPro from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $6.00 price objective (down previously from $10.50) on shares of GoPro in a research note on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.71.



In related news, SVP Sharon S. Zezima sold 14,966 shares of GoPro stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian Mcgee sold 11,124 shares of GoPro stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the transaction, the chief financial officer now owns 71,958 shares in the company, valued at approximately $406,562.70. The disclosure for this sale can be found here. Company insiders own 28.58% of the company’s stock.

Shares of GPRO opened at $5.22 on Friday. The firm has a market capitalization of $695.84, a P/E ratio of -4.92 and a beta of 0.20. GoPro has a one year low of $4.42 and a one year high of $11.89. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, February 1st. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.45 by ($0.75). The firm had revenue of $334.80 million during the quarter, compared to the consensus estimate of $340.19 million. GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The business’s revenue was down 38.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. research analysts expect that GoPro will post -0.8 EPS for the current fiscal year.

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About GoPro

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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