State Street Corp Has $3.45 Million Stake in GoPro, Inc. (NASDAQ:GPRO)

State Street Corp boosted its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,533,952 shares of the company’s stock after purchasing an additional 11,454 shares during the quarter. State Street Corp’s holdings in GoPro were worth $3,446,000 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 the stock. GSA Capital Partners LLP increased its holdings in shares of GoPro by 149.4% during the third quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock worth $3,458,000 after buying an additional 1,523,183 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in GoPro by 396.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 523,745 shares of the company’s stock valued at $744,000 after purchasing an additional 418,288 shares in the last quarter. SG Americas Securities LLC raised its position in GoPro by 15.6% in the 3rd quarter. SG Americas Securities LLC now owns 115,176 shares of the company’s stock valued at $157,000 after purchasing an additional 15,541 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in GoPro by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 56,609 shares of the company’s stock worth $80,000 after purchasing an additional 9,337 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of GoPro by 109.7% during the second quarter. Acadian Asset Management LLC now owns 4,415,441 shares of the company’s stock worth $6,267,000 after purchasing an additional 2,309,500 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GPRO. StockNews.com upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Wedbush reaffirmed a “neutral” rating and set a $1.50 price target on shares of GoPro in a research note on Wednesday, November 6th.

GoPro Stock Up 0.9 %

Shares of NASDAQ:GPRO opened at $1.12 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. The stock has a market cap of $173.33 million, a price-to-earnings ratio of -0.43 and a beta of 1.52. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.33. GoPro, Inc. has a one year low of $1.07 and a one year high of $3.50.

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.