GoPro (NASDAQ:GPRO) VP Sells $39,536.72 in Stock

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

GoPro Trading Down 5.2%

Shares of NASDAQ:GPRO traded down $0.08 during trading on Thursday, reaching $1.45. The stock had a trading volume of 4,000,768 shares, compared to its average volume of 5,400,305. The stock has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $1.38. The company has a current ratio of 0.95, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. GoPro, Inc. has a 52 week low of $0.40 and a 52 week high of $3.05.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of GoPro by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 376,700 shares of the company’s stock worth $250,000 after acquiring an additional 20,575 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of GoPro during the 1st quarter worth approximately $80,000. CWM LLC raised its stake in shares of GoPro by 2,346.3% during the first quarter. CWM LLC now owns 108,541 shares of the company’s stock worth $72,000 after buying an additional 104,104 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in GoPro by 99.5% in the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company’s stock valued at $1,142,000 after buying an additional 859,677 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in GoPro by 132.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock valued at $2,146,000 after acquiring an additional 1,841,983 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GPRO. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a research 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 restated an “underweight” rating on shares of GoPro in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Sell” and an average price target of $0.75.

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.