Swiss National Bank bought a new stake in GoPro Inc. (NASDAQ:GPRO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 137,300 shares of the company’s stock, valued at approximately $1,484,000. Swiss National Bank owned about 0.10% of GoPro at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlueMountain Capital Management LLC purchased a new position in shares of GoPro during the first quarter valued at about $117,000. Marathon Trading Investment Management LLC boosted its position in GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares during the last quarter. Seven Eight Capital LLC boosted its position in GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares during the last quarter. Scotia Capital Inc. boosted its position in GoPro by 427.0% in the first quarter. Scotia Capital Inc. now owns 11,250 shares of the company’s stock valued at $135,000 after buying an additional 14,690 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock valued at $179,000 after buying an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 28.46% of the company’s stock.
GoPro Inc. (NASDAQ:GPRO) traded down 0.77% during trading on Tuesday, reaching $16.79. 14,026,883 shares of the company’s stock traded hands. The firm’s market capitalization is $2.34 billion. GoPro Inc. has a one year low of $8.62 and a one year high of $31.95. The company has a 50-day moving average price of $14.69 and a 200 day moving average price of $12.28.
GoPro (NASDAQ:GPRO) last announced its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.06. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The company had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was down 47.4% on a year-over-year basis. On average, analysts anticipate that GoPro Inc. will post ($1.07) earnings per share for the current fiscal year.
GPRO has been the subject of several research reports. Dougherty & Co reissued a “positive” rating on shares of GoPro in a report on Wednesday, September 7th. Vetr raised shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price objective for the company in a report on Monday, August 22nd. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. Piper Jaffray Cos. set a $9.00 price objective on shares of GoPro and gave the company a “sell” rating in a report on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $14.00 price objective (up from $12.50) on shares of GoPro in a report on Thursday, September 22nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. GoPro presently has an average rating of “Hold” and an average target price of $15.94.
In other news, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $15.12, for a total transaction of $10,584,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $15.58, for a total transaction of $623,200.00. The disclosure for this sale can be found here. Company insiders own 28.69% of the company’s stock.
GoPro Company Profile
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
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