GoPro, Inc. (NASDAQ:GPRO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,326,901 shares of the company’s stock after selling 609,988 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in GoPro were worth $2,536,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in GoPro by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,923,899 shares of the company’s stock worth $3,187,000 after purchasing an additional 50,834 shares during the period. Renaissance Technologies LLC raised its stake in GoPro by 14.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock worth $1,428,000 after purchasing an additional 164,600 shares during the period. Northern Trust Corp raised its stake in GoPro by 8.7% during the fourth quarter. Northern Trust Corp now owns 1,150,517 shares of the company’s stock worth $1,254,000 after purchasing an additional 92,463 shares during the period. Jane Street Group LLC raised its stake in GoPro by 52.4% during the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock worth $820,000 after purchasing an additional 258,600 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in GoPro by 110.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock worth $787,000 after purchasing an additional 379,500 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GPRO. Wedbush reaffirmed a “neutral” rating and set a $0.75 target price (down from $1.00) on shares of GoPro in a research note on Tuesday. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a research note on Tuesday.

GoPro Price Performance

GoPro stock opened at $0.60 on Friday. The company’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.92. The company has a market capitalization of $95.06 million, a price-to-earnings ratio of -0.21 and a beta of 1.39. GoPro, Inc. has a 1 year low of $0.40 and a 1 year high of $1.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32.

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.