Thompson Siegel & Walmsley LLC Boosts Stock Position in GoPro, Inc. (NASDAQ:GPRO)

Thompson Siegel & Walmsley LLC grew its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 29.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,191,262 shares of the company’s stock after buying an additional 269,148 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in GoPro were worth $4,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GPRO. Dimensional Fund Advisors LP lifted its position in shares of GoPro by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,971,000 shares of the company’s stock valued at $35,063,000 after buying an additional 1,415,157 shares in the last quarter. FMR LLC lifted its position in shares of GoPro by 27.4% during the 2nd quarter. FMR LLC now owns 5,278,262 shares of the company’s stock valued at $29,189,000 after buying an additional 1,133,819 shares in the last quarter. Two Sigma Investments LP raised its stake in GoPro by 426.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,000,827 shares of the company’s stock valued at $4,934,000 after purchasing an additional 810,727 shares during the period. Assenagon Asset Management S.A. raised its stake in GoPro by 47.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,447,524 shares of the company’s stock valued at $10,133,000 after purchasing an additional 792,910 shares during the period. Finally, Renaissance Technologies LLC raised its stake in GoPro by 61.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,526,457 shares of the company’s stock valued at $7,602,000 after purchasing an additional 580,257 shares during the period. 54.26% of the stock is owned by hedge funds and other institutional investors.

GoPro Stock Performance

NASDAQ:GPRO opened at $3.54 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.86 and a quick ratio of 1.35. GoPro, Inc. has a 1 year low of $2.41 and a 1 year high of $6.57. The stock’s 50 day simple moving average is $3.01 and its two-hundred day simple moving average is $3.67. The company has a market cap of $540.66 million, a price-to-earnings ratio of -11.80 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GPRO shares. StockNews.com started coverage on GoPro in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Morgan Stanley decreased their target price on GoPro from $4.30 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th. Finally, Wedbush decreased their target price on GoPro from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th.

GoPro Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, 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 offers 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.