Schwab Charles Investment Management Inc. increased its holdings in shares of GoPro Inc (NASDAQ:GPRO) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 782,705 shares of the company’s stock after purchasing an additional 160,745 shares during the period. Schwab Charles Investment Management Inc. owned 0.54% of GoPro worth $5,926,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in GoPro during the 3rd quarter worth $139,000. North Star Investment Management Corp. boosted its position in GoPro by 226.6% during the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock worth $125,000 after purchasing an additional 11,500 shares during the period. Boothbay Fund Management LLC purchased a new stake in GoPro during the 3rd quarter worth $266,000. Cubist Systematic Strategies LLC boosted its position in GoPro by 416.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock worth $321,000 after purchasing an additional 23,508 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in GoPro during the 3rd quarter worth $440,000. 26.03% of the stock is owned by hedge funds and other institutional investors.
GoPro Inc (NASDAQ:GPRO) opened at $5.63 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14. GoPro Inc has a 12-month low of $5.04 and a 12-month high of $11.89.
A number of analysts recently weighed in on the stock. Vetr raised shares of GoPro from a “strong sell” rating to a “sell” rating and set a $5.00 price target for the company in a research report on Monday. Bank of America decreased their price target on shares of GoPro from $6.50 to $5.50 and set an “underperform” rating for the company in a research report on Friday, February 2nd. Wedbush reaffirmed a “neutral” rating and set a $6.00 price target (down from $10.50) on shares of GoPro in a research report on Tuesday, January 9th. Citigroup decreased their price target on shares of GoPro to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Finally, Morgan Stanley cut shares of GoPro from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $9.50 to $5.00 in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. GoPro has a consensus rating of “Hold” and a consensus price target of $7.77.
In other GoPro news, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the transaction, the chief financial officer now directly owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.60, for a total transaction of $83,809.60. The disclosure for this sale can be found here. Corporate insiders own 28.58% of the company’s stock.
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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