Harel Insurance Investments & Financial Services Ltd. increased its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 195.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,250 shares of the company’s stock after buying an additional 10,750 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in GoPro were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPRO. Vanguard Group Inc. increased its position in GoPro by 5.3% in the first quarter. Vanguard Group Inc. now owns 6,649,654 shares of the company’s stock valued at $57,851,000 after buying an additional 335,744 shares in the last quarter. State Street Corp increased its position in GoPro by 3.2% in the first quarter. State Street Corp now owns 1,793,819 shares of the company’s stock valued at $15,606,000 after buying an additional 55,398 shares in the last quarter. Geode Capital Management LLC increased its position in GoPro by 9.6% in the first quarter. Geode Capital Management LLC now owns 804,345 shares of the company’s stock valued at $6,997,000 after buying an additional 70,449 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in GoPro by 22.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock valued at $4,528,000 after buying an additional 101,157 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in GoPro by 0.9% in the first quarter. First Eagle Investment Management LLC now owns 547,200 shares of the company’s stock valued at $4,761,000 after buying an additional 5,000 shares in the last quarter. 25.34% of the stock is owned by institutional investors.

Shares of GoPro, Inc. (GPRO) opened at 9.88 on Friday. GoPro, Inc. has a 1-year low of $7.14 and a 1-year high of $17.68. The company has a 50 day moving average price of $8.44 and a 200-day moving average price of $8.66. The stock’s market capitalization is $1.34 billion.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. The business had revenue of $296.52 million for the quarter, compared to analysts’ expectations of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.52) EPS. On average, equities research analysts forecast that GoPro, Inc. will post ($0.05) EPS for the current fiscal year.

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Several analysts have issued reports on GPRO shares. Vetr upgraded GoPro from a “buy” rating to a “strong-buy” rating and set a $9.67 target price for the company in a report on Friday, April 14th. Stifel Nicolaus restated a “hold” rating and issued a $9.00 target price on shares of GoPro in a report on Monday, April 17th. Dougherty & Co restated a “sell” rating and issued a $5.00 target price on shares of GoPro in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of GoPro in a report on Monday, May 1st. Finally, J P Morgan Chase & Co set a $12.00 target price on GoPro and gave the company a “buy” rating in a report on Sunday, April 30th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.28.

In related news, Director Anthony John Bates sold 41,076 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the completion of the transaction, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 28.69% of the company’s stock.

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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