Bridgeway Capital Management LLC Purchases 379,500 Shares of GoPro, Inc. (NASDAQ:GPRO)

Bridgeway Capital Management LLC grew its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 110.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 721,900 shares of the company’s stock after buying an additional 379,500 shares during the quarter. Bridgeway Capital Management LLC’s holdings in GoPro were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of GoPro by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,923,899 shares of the company’s stock worth $3,187,000 after purchasing an additional 50,834 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in GoPro by 14.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock worth $1,428,000 after buying an additional 164,600 shares in the last quarter. Northern Trust Corp increased its stake in shares of GoPro by 8.7% in the 4th quarter. Northern Trust Corp now owns 1,150,517 shares of the company’s stock valued at $1,254,000 after buying an additional 92,463 shares during the period. Jane Street Group LLC raised its position in shares of GoPro by 52.4% during the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock worth $820,000 after acquiring an additional 258,600 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of GoPro by 4.0% during the third quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after acquiring an additional 24,044 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

GoPro Stock Performance

GPRO stock opened at $0.62 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. GoPro, Inc. has a twelve month low of $0.40 and a twelve month high of $1.85. The company has a market cap of $96.85 million, a P/E ratio of -0.22 and a beta of 1.39. The business’s fifty day moving average is $0.62 and its 200-day moving average is $0.94.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). GoPro had a negative net margin of 53.94% and a negative return on equity of 55.77%. Equities research analysts forecast that GoPro, Inc. will post -0.25 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GPRO. Wedbush reissued a “neutral” rating and set a $1.50 price objective on shares of GoPro in a report on Friday, January 31st. StockNews.com assumed coverage on shares of GoPro in a research note on Tuesday, April 29th. They set a “sell” rating for the company.

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.