GoPro, Inc. $GPRO Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in GoPro, Inc. (NASDAQ:GPRO) by 137.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,625,900 shares of the company’s stock after purchasing an additional 940,300 shares during the period. Renaissance Technologies LLC owned approximately 0.99% of GoPro worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of GoPro during the 2nd quarter valued at $25,000. Captrust Financial Advisors boosted its stake in GoPro by 89.6% during 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. bought a new position in GoPro during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in GoPro by 1,295,800.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock worth $27,000 after acquiring an additional 12,958 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in GoPro during the third quarter worth about $27,000. 70.09% of the stock is owned by institutional investors.

Insider Activity at GoPro

In other news, COO Brian Mcgee sold 130,631 shares of GoPro stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total value of $126,712.07. Following the transaction, the chief operating officer directly owned 947,123 shares of the company’s stock, valued at $918,709.31. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.06% of the stock is currently owned by insiders.

GoPro Stock Up 9.8%

Shares of GoPro stock opened at $0.63 on Friday. GoPro, Inc. has a 12-month low of $0.57 and a 12-month high of $3.05. The firm has a market capitalization of $109.28 million, a PE ratio of -0.64 and a beta of 2.42. 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 stock’s fifty day moving average is $0.73 and its 200-day moving average is $0.91.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The company had revenue of $104.93 million during the quarter, compared to analyst estimates of $151.47 million. GoPro had a negative net margin of 28.52% and a negative return on equity of 243.59%.

Analysts Set New Price Targets

GPRO has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

GoPro Profile

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.