Commonwealth Equity Services Inc reduced its holdings in GoPro, Inc. (NASDAQ:GPRO) by 23.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,590 shares of the company’s stock after selling 5,870 shares during the quarter. Commonwealth Equity Services Inc’s holdings in GoPro were worth $215,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GPRO. Nomura Holdings Inc. grew its position in shares of GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after buying an additional 704 shares during the last quarter. Amalgamated Bank grew its position in shares of 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 during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of GoPro in the 3rd quarter worth approximately $122,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of 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 during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of GoPro in the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 26.09% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Goldman Sachs Group upgraded GoPro from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $6.75 to $10.00 in a research report on Tuesday, August 15th. Vetr lowered GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price objective on the stock. in a research report on Monday, August 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $10.00 price objective (down from $11.48) on shares of GoPro in a research report on Friday, September 29th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. GoPro currently has an average rating of “Hold” and a consensus target price of $9.68.

In other GoPro news, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $8.23, for a total value of $62,062.43. Following the transaction, the chief financial officer now owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The disclosure for this sale can be found here. Insiders have sold 738,331 shares of company stock worth $6,876,684 over the last 90 days. 28.58% of the stock is currently owned by corporate insiders.

Shares of GoPro, Inc. (NASDAQ GPRO) opened at $8.23 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. GoPro, Inc. has a 1 year low of $7.14 and a 1 year high of $11.89.

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GoPro Company Profile

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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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