Strs Ohio Grows Position in GoPro, Inc. (NASDAQ:GPRO)

Strs Ohio increased its position in shares of GoPro, Inc. (NASDAQ:GPROGet Rating) by 66.1% during the third quarter, Holdings Channel reports. The institutional investor owned 68,600 shares of the company’s stock after buying an additional 27,300 shares during the quarter. Strs Ohio’s holdings in GoPro were worth $338,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GPRO. Envestnet Asset Management Inc. purchased a new stake in shares of GoPro during the first quarter worth approximately $288,000. Advisor Group Holdings Inc. increased its stake in shares of GoPro by 5.5% during the first quarter. Advisor Group Holdings Inc. now owns 37,568 shares of the company’s stock worth $320,000 after buying an additional 1,971 shares during the period. Cetera Advisor Networks LLC purchased a new stake in shares of GoPro during the first quarter worth approximately $126,000. MetLife Investment Management LLC increased its stake in shares of GoPro by 88.8% during the first quarter. MetLife Investment Management LLC now owns 69,581 shares of the company’s stock worth $594,000 after buying an additional 32,735 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in GoPro by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,646,506 shares of the company’s stock valued at $14,046,000 after purchasing an additional 169,135 shares in the last quarter. 54.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on GoPro in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley lowered their price target on GoPro from $6.10 to $4.40 and set an “equal weight” rating for the company in a report on Friday, November 4th. Oppenheimer downgraded GoPro from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. Finally, JPMorgan Chase & Co. downgraded GoPro from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $9.00 to $6.00 in a report on Friday, November 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.57.

GoPro Price Performance

GoPro stock opened at $5.53 on Friday. The business has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $5.57. The stock has a market capitalization of $862.28 million, a PE ratio of 11.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.11 and a quick ratio of 1.59. GoPro, Inc. has a 12 month low of $4.50 and a 12 month high of $9.85.

GoPro (NASDAQ:GPROGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $305.13 million during the quarter, compared to analysts’ expectations of $297.54 million. GoPro had a return on equity of 15.00% and a net margin of 6.74%. Equities analysts predict that GoPro, Inc. will post 0.21 earnings per share for the current year.

GoPro Profile

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GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company offers cloud connected HERO10 Black, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription provides access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera.

See Also

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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