GoPro, Inc. (NASDAQ:GPRO) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 109.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,415,441 shares of the company’s stock after acquiring an additional 2,309,500 shares during the period. Acadian Asset Management LLC owned about 2.95% of GoPro worth $6,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in shares of GoPro by 419.8% during the 4th quarter. Quadrant Capital Group LLC now owns 7,402 shares of the company’s stock worth $26,000 after purchasing an additional 5,978 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of GoPro by 2.7% during the 1st quarter. Russell Investments Group Ltd. now owns 368,597 shares of the company’s stock worth $822,000 after purchasing an additional 9,727 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of GoPro during the 4th quarter worth approximately $38,000. Versant Capital Management Inc increased its stake in shares of GoPro by 6.3% during the 1st quarter. Versant Capital Management Inc now owns 188,708 shares of the company’s stock worth $421,000 after purchasing an additional 11,209 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of GoPro by 62.6% during the 1st quarter. Headlands Technologies LLC now owns 29,379 shares of the company’s stock worth $66,000 after purchasing an additional 11,306 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPRO. Wedbush dropped their price objective on shares of GoPro from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th.

GoPro Stock Up 0.8 %

GPRO stock opened at $1.27 on Thursday. The stock has a market capitalization of $190.37 million, a P/E ratio of -0.53 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.47. GoPro, Inc. has a one year low of $1.16 and a one year high of $3.80. The company has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.67.

GoPro (NASDAQ:GPRO) last released its earnings results on Tuesday, August 6th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.01. The firm had revenue of $186.22 million during the quarter, compared to analysts’ expectations of $170.02 million. GoPro had a negative net margin of 42.19% and a negative return on equity of 24.57%. GoPro’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. As a group, sell-side analysts expect that GoPro, Inc. will post -0.67 EPS for the current year.

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 HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.