R Squared Ltd Takes $27,000 Position in GoPro, Inc. (NASDAQ:GPRO)

R Squared Ltd purchased a new stake in GoPro, Inc. (NASDAQ:GPRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,170 shares of the company’s stock, valued at approximately $27,000.

Other large investors also recently made changes to their positions in the company. RIA Advisory Group LLC acquired a new position in shares of GoPro in the 3rd quarter valued at $27,000. Intech Investment Management LLC bought a new position in GoPro during the 3rd quarter worth about $35,000. The Manufacturers Life Insurance Company increased its holdings in GoPro by 19.8% during the 2nd 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. Prentice Capital Management LP increased its holdings in GoPro by 430.4% during the 3rd quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock worth $102,000 after purchasing an additional 61,154 shares in the last quarter. Finally, Sei Investments Co. bought a new position in GoPro during the 2nd quarter worth about $136,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

GoPro Trading Up 8.9 %

Shares of GPRO stock opened at $0.97 on Wednesday. The firm has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.25. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $149.62 million, a PE ratio of -0.37 and a beta of 1.51. GoPro, Inc. has a 12-month low of $0.89 and a 12-month high of $3.03.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $258.90 million during the quarter, compared to the consensus estimate of $254.92 million. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%. During the same period last year, the business posted ($0.02) earnings per share. As a group, analysts predict that GoPro, Inc. will post -2.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a report on Friday, January 31st.

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.