Insider Selling: GoPro (NASDAQ:GPRO) VP Sells 26,011 Shares of Stock

GoPro, Inc. (NASDAQ:GPRO) VP Jason Christopher Stephen sold 26,011 shares of GoPro stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $1.52, for a total transaction of $39,536.72. Following the transaction, the vice president directly owned 143,714 shares in the company, valued at $218,445.28. This trade represents a 15.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

GoPro Stock Down 5.2%

GPRO stock traded down $0.08 during midday trading on Thursday, hitting $1.45. 4,000,768 shares of the company’s stock were exchanged, compared to its average volume of 5,400,305. GoPro, Inc. has a 1-year low of $0.40 and a 1-year high of $3.05. The business has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $1.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.72.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $162.92 million for the quarter, compared to analysts’ expectations of $211.18 million. GoPro had a negative return on equity of 71.67% and a negative net margin of 18.68%. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, analysts expect that GoPro, Inc. will post -0.25 earnings per share for the current year.

Institutional Trading of GoPro

A number of large investors have recently added to or reduced their stakes in GPRO. Captrust Financial Advisors boosted its stake in GoPro by 89.6% in the 2nd quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock worth $25,000 after purchasing an additional 15,618 shares during the period. Jump Financial LLC purchased a new position in shares of GoPro during the second quarter valued at $25,000. Jefferies Financial Group Inc. acquired a new position in GoPro during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position in GoPro by 1,295,800.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after buying an additional 12,958 shares during the period. Finally, Banco BTG Pactual S.A. purchased a new stake in GoPro in the 2nd quarter worth about $27,000. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GPRO shares. Wall Street Zen cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of GoPro in a research note on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of GoPro in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GoPro has a consensus rating of “Sell” and an average price target of $0.75.

GoPro Company Profile

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.