GoPro, Inc. $GPRO Stake Increased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in GoPro, Inc. (NASDAQ:GPRO) by 137.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,625,900 shares of the company’s stock after buying an additional 940,300 shares during the period. Renaissance Technologies LLC’s holdings in GoPro were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jefferies Financial Group Inc. raised its position in GoPro by 88.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 23,794 shares of the company’s stock valued at $34,000 after buying an additional 11,194 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in GoPro by 1,295,800.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock worth $27,000 after acquiring an additional 12,958 shares during the period. Public Employees Retirement System of Ohio boosted its position in GoPro by 10.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 149,341 shares of the company’s stock worth $115,000 after acquiring an additional 14,324 shares during the period. R Squared Ltd grew its stake in GoPro by 29.7% during the 4th quarter. R Squared Ltd now owns 64,954 shares of the company’s stock valued at $92,000 after acquiring an additional 14,859 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in GoPro during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of GoPro from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

GoPro Price Performance

Shares of NASDAQ:GPRO opened at $0.63 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. GoPro, Inc. has a 1 year low of $0.57 and a 1 year high of $3.05. The business has a fifty day simple moving average of $0.73 and a 200 day simple moving average of $0.91. The firm has a market cap of $109.28 million, a price-to-earnings ratio of -0.64 and a beta of 2.42.

GoPro (NASDAQ:GPRO) last issued its earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). GoPro had a negative net margin of 28.52% and a negative return on equity of 243.59%. The firm had revenue of $104.93 million during the quarter, compared to analysts’ expectations of $151.47 million.

Insider Activity

In other news, COO Brian Mcgee sold 130,631 shares of GoPro stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $0.97, for a total transaction of $126,712.07. Following the completion of the sale, the chief operating officer directly owned 947,123 shares in the company, valued at $918,709.31. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.06% of the stock is currently owned by corporate insiders.

GoPro 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.