North Star Investment Management Corp. grew its holdings in GoPro Inc (NASDAQ:GPRO) by 226.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,575 shares of the company’s stock after purchasing an additional 11,500 shares during the quarter. North Star Investment Management Corp.’s holdings in GoPro were worth $125,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in GoPro by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock worth $57,672,000 after purchasing an additional 444,109 shares in the last quarter. State Street Corp lifted its stake in GoPro by 6.7% in the 2nd quarter. State Street Corp now owns 1,914,069 shares of the company’s stock worth $15,563,000 after purchasing an additional 120,250 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in GoPro in the 3rd quarter worth approximately $7,495,000. Schwab Charles Investment Management Inc. lifted its stake in GoPro by 11.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 621,960 shares of the company’s stock worth $6,848,000 after purchasing an additional 65,097 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in GoPro by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock worth $4,658,000 after purchasing an additional 12,530 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
GPRO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of GoPro from a “hold” rating to a “sell” rating in a report on Thursday. Wedbush restated a “neutral” rating and set a $6.00 price target (down previously from $10.50) on shares of GoPro in a report on Tuesday. Citigroup cut their price target on shares of GoPro to $7.00 and set a “neutral” rating for the company in a report on Tuesday. Dougherty & Co restated a “sell” rating and set a $4.00 price target (down previously from $7.00) on shares of GoPro in a report on Tuesday. Finally, JPMorgan Chase & Co. set a $9.00 price target on shares of GoPro and gave the stock a “buy” rating in a report on Monday, January 8th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.74.
GoPro Inc (NASDAQ GPRO) opened at $6.23 on Friday. The company has a market cap of $897.64, a price-to-earnings ratio of -3.62 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08. GoPro Inc has a 12 month low of $5.04 and a 12 month high of $11.89.
In other GoPro news, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the transaction, the director now owns 99,459 shares in the company, valued at $793,682.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 704,907 shares of company stock valued at $6,478,800. Insiders own 28.58% of the company’s stock.
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GoPro Company Profile
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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