GoPro Inc (GPRO) Stake Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of GoPro Inc (NASDAQ:GPRO) by 59.1% in the first quarter, HoldingsChannel.com reports. The firm owned 16,413 shares of the company’s stock after acquiring an additional 6,100 shares during the period. Oppenheimer & Co. Inc.’s holdings in GoPro were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Blueshift Asset Management LLC purchased a new stake in GoPro in the fourth quarter worth about $47,000. Versant Capital Management Inc lifted its stake in GoPro by 36.6% in the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock worth $69,000 after acquiring an additional 4,395 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in GoPro by 55.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock worth $69,000 after acquiring an additional 5,829 shares during the period. Amalgamated Bank purchased a new stake in GoPro in the fourth quarter worth about $72,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in GoPro in the fourth quarter worth about $89,000. 40.95% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Nicholas Woodman sold 1,400,000 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $6.52, for a total transaction of $9,128,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian Mcgee sold 19,526 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total transaction of $117,937.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,713,050 shares of company stock worth $22,903,257. Corporate insiders own 26.61% of the company’s stock.



GPRO stock opened at $6.63 on Tuesday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -14.41, a PEG ratio of 10.26 and a beta of 0.69. GoPro Inc has a one year low of $4.00 and a one year high of $7.60. The company has a quick ratio of 1.19, a current ratio of 1.58 and a debt-to-equity ratio of 0.66.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. The business had revenue of $243.00 million during the quarter, compared to analyst estimates of $234.41 million. GoPro had a negative net margin of 4.80% and a negative return on equity of 15.98%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) earnings per share. Analysts predict that GoPro Inc will post 0.06 earnings per share for the current year.

GPRO has been the subject of a number of research reports. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Wedbush set a $8.00 price target on shares of GoPro and gave the company a “hold” rating in a research report on Friday. BidaskClub raised shares of GoPro from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. JPMorgan Chase & Co. increased their price target on shares of GoPro from $7.50 to $8.00 in a research report on Friday. Finally, Zacks Investment Research raised shares of GoPro from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. GoPro currently has an average rating of “Hold” and a consensus price target of $7.09.

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About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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.

Further Reading: Candlestick

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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