VisionPoint Advisory Group LLC Takes $111,000 Position in GoPro Inc (GPRO)

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VisionPoint Advisory Group LLC purchased a new position in GoPro Inc (NASDAQ:GPRO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 26,150 shares of the company’s stock, valued at approximately $111,000.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings 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 valued at $69,000 after purchasing an additional 4,395 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings 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 valued at $69,000 after purchasing an additional 5,829 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of GoPro by 61.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 25,000 shares of the company’s stock valued at $106,000 after purchasing an additional 9,500 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of GoPro by 151.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 16,109 shares of the company’s stock valued at $101,000 after purchasing an additional 9,699 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of GoPro in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 41.09% of the company’s stock.

Shares of GPRO traded up $0.12 on Friday, reaching $6.26. 38,819 shares of the company’s stock traded hands, compared to its average volume of 4,125,818. The company has a current ratio of 1.58, a quick ratio of 1.19 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $922.53 million, a price-to-earnings ratio of -13.67, a PEG ratio of 9.60 and a beta of 0.72. GoPro Inc has a 52-week low of $4.00 and a 52-week high of $7.60.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06. GoPro had a negative return on equity of 34.77% and a negative net margin of 9.49%. The business had revenue of $377.38 million during the quarter, compared to the consensus estimate of $374.28 million. During the same period last year, the business posted ($0.30) earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts predict that GoPro Inc will post 0.06 earnings per share for the current year.

In other GoPro news, CFO Brian Mcgee sold 19,526 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $6.04, for a total value of $117,937.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas Woodman sold 1,400,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $5.94, for a total value of $8,316,000.00. The disclosure for this sale can be found here. Company insiders own 26.61% of the company’s stock.

GPRO has been the subject of a number of research analyst reports. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Friday, February 8th. BidaskClub downgraded GoPro from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Wedbush reaffirmed a “neutral” rating and set a $6.00 price target on shares of GoPro in a research report on Thursday, January 31st. Finally, ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.53.

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About GoPro

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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Want to see what other hedge funds are holding GPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoPro Inc (NASDAQ:GPRO).

Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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