Schwab Charles Investment Management Inc. raised its stake in GoPro, Inc. (NASDAQ:GPRO) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,706 shares of the company’s stock after buying an additional 23,697 shares during the period. Schwab Charles Investment Management Inc. owned 0.32% of GoPro worth $3,965,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in shares of GoPro during the first quarter worth about $118,000. Financial Architects Inc raised its position in GoPro by 15.2% in the first quarter. Financial Architects Inc now owns 15,200 shares of the company’s stock worth $132,000 after buying an additional 2,000 shares during the period. Concourse Capital Management LLC bought a new position in GoPro during the first quarter worth $155,000. Raymond James Financial Services Advisors Inc. raised its position in GoPro by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after buying an additional 695 shares during the period. Finally, Invictus RG bought a new position in GoPro during the first quarter worth $195,000. 25.12% of the stock is owned by institutional investors and hedge funds.
GoPro, Inc. (NASDAQ GPRO) traded down 2.075% during mid-day trading on Wednesday, hitting $9.675. 1,357,864 shares of the stock traded hands. The company has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.64. The stock’s market capitalization is $1.31 billion. GoPro, Inc. has a one year low of $7.15 and a one year high of $17.68.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million during the quarter, compared to analysts’ expectations of $268.94 million. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.52) EPS. Equities analysts anticipate that GoPro, Inc. will post ($0.05) earnings per share for the current fiscal year.
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Several equities analysts have recently commented on GPRO shares. Vetr lowered GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 price target on the stock. in a research note on Wednesday, June 28th. J P Morgan Chase & Co set a $12.00 price objective on GoPro and gave the company a “buy” rating in a report on Sunday, April 30th. Morgan Stanley upgraded GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target on the stock in a report on Monday, July 31st. They noted that the move was a valuation call. Wedbush restated a “hold” rating and set a $9.00 price target on shares of GoPro in a report on Thursday, June 1st. Finally, Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.47.
In other GoPro news, Director Anthony John Bates sold 41,076 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total transaction of $348,735.24. Following the sale, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.69% of the stock is owned by corporate insiders.
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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