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

UBS Group AG increased its holdings in shares of GoPro, Inc. (NASDAQ:GPROFree Report) by 168.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,781,516 shares of the company’s stock after acquiring an additional 2,373,901 shares during the quarter. UBS Group AG’s holdings in GoPro were worth $5,332,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jump Financial LLC bought a new position in GoPro during the second quarter worth about $25,000. Captrust Financial Advisors raised its position in shares of GoPro by 89.6% in the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after buying an additional 15,618 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of GoPro in the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its position in shares of GoPro by 1,295,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after buying an additional 12,958 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of GoPro in the third quarter valued at approximately $27,000. 70.09% of the stock is owned by institutional investors.

GoPro Stock Up 3.1%

NASDAQ GPRO opened at $0.99 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. GoPro, Inc. has a 1-year low of $0.57 and a 1-year high of $3.05. The company has a 50 day moving average of $1.00 and a 200-day moving average of $1.23. The company has a market cap of $162.52 million, a price-to-earnings ratio of -1.25 and a beta of 2.46.

GoPro (NASDAQ:GPROGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The firm had revenue of $99.07 million for the quarter, compared to analyst estimates of $137.54 million. On average, equities research analysts expect that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on GPRO

GoPro Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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