Jacobs Levy Equity Management Inc. Sells 15,158 Shares of GoPro, Inc. (NASDAQ:GPRO)

Jacobs Levy Equity Management Inc. decreased its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,623,948 shares of the company’s stock after selling 15,158 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.75% of GoPro worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GPRO. Quadrant Capital Group LLC lifted its position in GoPro by 419.8% during the 4th quarter. Quadrant Capital Group LLC now owns 7,402 shares of the company’s stock worth $26,000 after buying an additional 5,978 shares in the last quarter. CWM LLC grew its stake in shares of GoPro by 2,680.1% during the fourth quarter. CWM LLC now owns 9,091 shares of the company’s stock valued at $32,000 after purchasing an additional 8,764 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of GoPro during the fourth quarter valued at approximately $38,000. RIA Advisory Group LLC bought a new position in GoPro in the 1st quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC lifted its holdings in GoPro by 791.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,782 shares of the company’s stock worth $83,000 after buying an additional 21,114 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and set a $2.00 target price on shares of GoPro in a research report on Wednesday, May 8th.

GoPro Trading Down 1.9 %

Shares of GPRO traded down $0.03 on Tuesday, reaching $1.52. 1,061,593 shares of the company’s stock were exchanged, compared to its average volume of 1,908,640. The business has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $2.01. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $227.84 million, a P/E ratio of -0.65 and a beta of 1.61. GoPro, Inc. has a 12 month low of $1.28 and a 12 month high of $4.17.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. GoPro had a negative return on equity of 14.66% and a negative net margin of 36.75%. The business had revenue of $155.47 million during the quarter, compared to analysts’ expectations of $147.21 million. Research analysts anticipate that GoPro, Inc. will post -0.53 earnings per share for the current year.

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.