UBS Group AG Acquires 2,373,901 Shares of GoPro, Inc. $GPRO

UBS Group AG increased its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 168.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,781,516 shares of the company’s stock after purchasing an additional 2,373,901 shares during the period. UBS Group AG owned 2.37% of GoPro worth $5,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in GoPro during the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $27,000 after purchasing an additional 12,958 shares during the period. Baader Bank Aktiengesellschaft bought a new position in GoPro during the third quarter worth about $28,000. Kestra Private Wealth Services LLC bought a new position in GoPro during the third quarter worth about $32,000. Finally, Captrust Financial Advisors grew its holdings in GoPro by 89.6% during the second 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. Institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings cut GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

GoPro Trading Up 3.1%

Shares of NASDAQ:GPRO opened at $0.99 on Friday. GoPro, Inc. has a 12-month low of $0.57 and a 12-month high of $3.05. The stock has a market cap of $162.52 million, a PE ratio of -1.25 and a beta of 2.46. The business has a 50 day moving average of $1.00 and a 200-day moving average of $1.23. The company has a quick ratio of 0.38, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data 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). GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%.The firm had revenue of $99.07 million for the quarter, compared to the consensus estimate of $137.54 million. As a group, equities research analysts forecast that GoPro, Inc. will post -0.04 earnings per share for the current year.

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.