80,211 Shares in GoPro, Inc. (GPRO) Acquired by ETF Managers Group LLC
ETF Managers Group LLC acquired a new position in GoPro, Inc. (NASDAQ:GPRO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 80,211 shares of the company’s stock, valued at approximately $652,000. ETF Managers Group LLC owned approximately 0.06% of GoPro as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in GoPro in the 1st quarter worth about $113,000. Amalgamated Bank increased its holdings in GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after buying an additional 1,858 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in GoPro by 195.5% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after buying an additional 10,750 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in GoPro by 3.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after buying an additional 695 shares in the last quarter. Finally, Invictus RG bought a new stake in GoPro in the 1st quarter worth about $195,000. Institutional investors own 24.37% of the company’s stock.
In related news, COO Charles J. Prober sold 24,918 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the sale, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at $1,633,423. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the sale, the director now directly owns 116,482 shares in the company, valued at $1,184,621.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,344 shares of company stock worth $542,205. 28.58% of the stock is owned by corporate insiders.
GPRO has been the subject of several research analyst reports. BidaskClub downgraded GoPro from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Vetr downgraded GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 price objective for the company. in a report on Wednesday, June 28th. Dougherty & Co reiterated a “sell” rating and issued a $5.00 price objective on shares of GoPro in a report on Wednesday, July 5th. Morgan Stanley upgraded GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price objective for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Wedbush reiterated a “neutral” rating on shares of GoPro in a report on Friday, July 28th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. GoPro presently has an average rating of “Hold” and a consensus target price of $9.27.
GoPro, Inc. (GPRO) traded up 4.65% on Friday, hitting $10.12. The stock had a trading volume of 5,351,766 shares. The stock’s market cap is $1.37 billion. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $16.77. The company’s 50 day moving average is $10.20 and its 200-day moving average is $8.93.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.20. The firm had revenue of $296.52 million for the quarter, compared to analyst estimates of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. GoPro’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period last year, the company earned ($0.52) earnings per share. Analysts forecast that GoPro, Inc. will post $0.05 EPS for the current year.
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GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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