Kessler Investment Group LLC boosted its stake in GoPro Inc (NASDAQ:GPRO) by 112.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,208 shares of the company’s stock after acquiring an additional 26,569 shares during the quarter. Kessler Investment Group LLC’s holdings in GoPro were worth $213,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in GoPro by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the period. Vanguard Group Inc. boosted its stake in GoPro by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock worth $71,584,000 after purchasing an additional 318,197 shares during the last quarter. BlackRock Inc. boosted its stake in GoPro by 10.5% during the 2nd quarter. BlackRock Inc. now owns 8,302,325 shares of the company’s stock worth $53,468,000 after purchasing an additional 785,861 shares during the last quarter. Renaissance Technologies LLC boosted its stake in GoPro by 36.1% during the 3rd quarter. Renaissance Technologies LLC now owns 6,118,800 shares of the company’s stock worth $44,055,000 after purchasing an additional 1,622,200 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in GoPro during the 3rd quarter worth $16,679,000. 39.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ GPRO traded up $0.09 during trading on Friday, hitting $4.98. 57,826 shares of the company were exchanged, compared to its average volume of 3,349,767. GoPro Inc has a 12-month low of $4.00 and a 12-month high of $7.60. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.79. The firm has a market cap of $738.00 million, a PE ratio of -4.70, a P/E/G ratio of 3.51 and a beta of 0.46.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, November 1st. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. GoPro had a negative return on equity of 70.45% and a negative net margin of 17.77%. The business had revenue of $286.00 million for the quarter, compared to analyst estimates of $272.28 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. Research analysts expect that GoPro Inc will post -0.53 EPS for the current year.

Several brokerages have issued reports on GPRO. Oppenheimer raised shares of GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Wednesday, September 26th. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Wedbush set a $7.00 target price on shares of GoPro and gave the stock a “hold” rating in a research note on Sunday, November 4th. Morgan Stanley set a $5.00 target price on shares of GoPro and gave the stock a “sell” rating in a research note on Sunday, November 4th. Finally, BidaskClub raised shares of GoPro from a “hold” rating to a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. GoPro has a consensus rating of “Hold” and a consensus target price of $6.75.

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About GoPro

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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