Hsbc Holdings PLC lifted its position in shares of GoPro Inc (NASDAQ:GPRO) by 79.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,027 shares of the company’s stock after acquiring an additional 172,042 shares during the period. Hsbc Holdings PLC owned approximately 0.27% of GoPro worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in GPRO. BlackRock Inc. increased its position in shares of GoPro by 9.1% during the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after acquiring an additional 629,370 shares in the last quarter. Millennium Management LLC increased its position in shares of GoPro by 310.4% during the fourth quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after acquiring an additional 517,298 shares in the last quarter. SG Americas Securities LLC increased its position in shares of GoPro by 464.7% during the first quarter. SG Americas Securities LLC now owns 388,031 shares of the company’s stock valued at $1,859,000 after acquiring an additional 319,318 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of GoPro during the fourth quarter valued at approximately $2,237,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of GoPro by 172.4% during the first quarter. BNP Paribas Arbitrage SA now owns 406,652 shares of the company’s stock valued at $1,948,000 after acquiring an additional 257,389 shares in the last quarter. 28.23% of the stock is owned by institutional investors.
GPRO has been the topic of several research reports. Vetr upgraded shares of GoPro from a “sell” rating to a “hold” rating and set a $5.00 target price on the stock in a report on Tuesday, March 20th. BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. Citigroup restated a “hold” rating and issued a $6.50 target price (up previously from $5.50) on shares of GoPro in a report on Friday, March 9th. Wedbush restated a “neutral” rating and issued a $6.00 target price on shares of GoPro in a report on Monday, April 30th. Finally, Zacks Investment Research upgraded shares of GoPro from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.48.
Shares of GoPro stock opened at $6.57 on Wednesday. The firm has a market cap of $924.24 million, a PE ratio of -6.20 and a beta of 0.24. GoPro Inc has a 1-year low of $4.42 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.04 and a current ratio of 1.57.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, May 3rd. The company reported ($0.34) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.04. The business had revenue of $202.35 million for the quarter, compared to analysts’ expectations of $182.26 million. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.44) EPS. equities analysts expect that GoPro Inc will post -0.47 EPS for the current fiscal year.
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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