GoPro (NASDAQ:GPRO) SVP Sells $18,752.34 in Stock

GoPro, Inc. (NASDAQ:GPRO) SVP Jason Christopher Stephen sold 16,894 shares of GoPro stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1.11, for a total value of $18,752.34. Following the completion of the sale, the senior vice president directly owned 381,324 shares of the company’s stock, valued at approximately $423,269.64. This represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Christopher Stephen also recently made the following trade(s):

• On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The shares were sold at an average price of $0.80, for a total value of $4,314.40.

GoPro Trading Down 6.5%

Shares of NASDAQ:GPRO traded down $0.07 during midday trading on Tuesday, reaching $1.00. The company’s stock had a trading volume of 9,458,933 shares, compared to its average volume of 5,983,746. The firm has a market cap of $164.16 million, a price-to-earnings ratio of -1.27 and a beta of 2.46. The company has a quick ratio of 0.38, a current ratio of 0.58 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.25. GoPro, Inc. has a 1 year low of $0.57 and a 1 year high of $3.05.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). The firm had revenue of $99.07 million during the quarter, compared to analysts’ expectations of $137.54 million. GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%. Research analysts forecast that GoPro, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on GPRO shares. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings cut GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On GoPro

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in GoPro by 957.3% during the first quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock worth $2,445,000 after buying an additional 3,338,941 shares in the last quarter. UBS Group AG lifted its position in shares of GoPro by 168.6% during the 4th quarter. UBS Group AG now owns 3,781,516 shares of the company’s stock valued at $5,332,000 after acquiring an additional 2,373,901 shares during the last quarter. Millennium Management LLC boosted its stake in shares of GoPro by 111.9% during the 4th quarter. Millennium Management LLC now owns 3,438,671 shares of the company’s stock worth $4,849,000 after acquiring an additional 1,815,637 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of GoPro by 16.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,278,484 shares of the company’s stock worth $10,263,000 after acquiring an additional 1,013,494 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of GoPro by 137.1% during the first quarter. Renaissance Technologies LLC now owns 1,625,900 shares of the company’s stock worth $1,252,000 after purchasing an additional 940,300 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

About GoPro

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.