MetLife Investment Advisors LLC trimmed its position in GoPro Inc (NASDAQ:GPRO) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,565 shares of the company’s stock after selling 13,132 shares during the period. MetLife Investment Advisors LLC’s holdings in GoPro were worth $223,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in GPRO. Oppenheimer & Co. Inc. acquired a new stake in shares of GoPro in the fourth quarter worth approximately $44,000. Blueshift Asset Management LLC acquired a new stake in shares of GoPro in the fourth quarter worth approximately $47,000. Versant Capital Management Inc boosted its position in shares of GoPro by 36.6% in the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock worth $69,000 after acquiring an additional 4,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of GoPro by 55.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock worth $69,000 after acquiring an additional 5,829 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of GoPro in the fourth quarter worth approximately $89,000. Institutional investors own 41.05% of the company’s stock.
Several research firms recently issued reports on GPRO. Longbow Research reissued a “hold” rating on shares of GoPro in a research report on Tuesday, April 9th. BidaskClub raised shares of GoPro from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research cut shares of GoPro from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Wedbush reissued a “neutral” rating and issued a $6.00 target price on shares of GoPro in a research report on Thursday, January 31st. Finally, ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.72.
Shares of GPRO stock opened at $6.38 on Friday. The company has a market cap of $958.59 million, a price-to-earnings ratio of -13.87, a price-to-earnings-growth ratio of 10.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.19 and a current ratio of 1.58. GoPro Inc has a fifty-two week low of $4.00 and a fifty-two week high of $7.60.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $377.38 million for the quarter, compared to analysts’ expectations of $374.28 million. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. GoPro’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.30) earnings per share. As a group, equities research analysts anticipate that GoPro Inc will post 0.06 earnings per share for the current fiscal year.
In other GoPro news, CFO Brian Mcgee sold 19,526 shares of GoPro stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total transaction of $117,937.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas Woodman sold 1,400,000 shares of GoPro stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $6.52, for a total transaction of $9,128,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,819,526 shares of company stock worth $17,561,937. 26.61% of the stock is currently owned by corporate insiders.
GoPro Company Profile
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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