GoPro (NASDAQ:GPRO) SVP Jason Christopher Stephen Sells 16,894 Shares

GoPro, Inc. (NASDAQ:GPRO) SVP Jason Christopher Stephen sold 16,894 shares of GoPro stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1.11, for a total value of $18,752.34. Following the completion of the transaction, the senior vice president directly owned 381,324 shares in the company, valued at $423,269.64. This represents a 4.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Christopher Stephen also recently made the following trade(s):

• On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The stock was sold at an average price of $0.80, for a total value of $4,314.40.

GoPro Trading Down 6.5%

GPRO traded down $0.07 during trading on Tuesday, reaching $1.00. The company had a trading volume of 9,458,933 shares, compared to its average volume of 5,983,746. The firm’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $1.25. The company has a market cap of $164.16 million, a price-to-earnings ratio of -1.27 and a beta of 2.46. GoPro, Inc. has a 12-month low of $0.57 and a 12-month high of $3.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.58.

GoPro (NASDAQ:GPRO) last released its earnings results on Monday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). The business had revenue of $99.07 million during the quarter, compared to analysts’ expectations of $137.54 million. GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. Equities research analysts anticipate that GoPro, Inc. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On GoPro

A number of institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp grew its position in GoPro by 59.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 265,800 shares of the company’s stock worth $205,000 after buying an additional 99,100 shares in the last quarter. Renaissance Technologies LLC grew its position in GoPro by 137.1% during the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock worth $1,252,000 after buying an additional 940,300 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in GoPro by 10.6% during the first quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock worth $115,000 after buying an additional 14,324 shares in the last quarter. R Squared Ltd grew its position in GoPro by 49.4% during the first quarter. R Squared Ltd now owns 97,067 shares of the company’s stock worth $75,000 after buying an additional 32,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in GoPro by 27.4% during the first quarter. Assenagon Asset Management S.A. now owns 162,535 shares of the company’s stock worth $125,000 after buying an additional 34,961 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen lowered GoPro from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings downgraded shares of GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, GoPro presently has a consensus rating of “Sell”.

GoPro Company Profile

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.