Levin Capital Strategies L.P. Invests $158,000 in GoPro Inc (GPRO)

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Levin Capital Strategies L.P. acquired a new position in shares of GoPro Inc (NASDAQ:GPRO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,919 shares of the company’s stock, valued at approximately $158,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in GoPro by 9.1% in the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after purchasing an additional 629,370 shares in the last quarter. California Public Employees Retirement System grew its stake in GoPro by 4.3% in the first quarter. California Public Employees Retirement System now owns 223,300 shares of the company’s stock valued at $1,070,000 after purchasing an additional 9,308 shares in the last quarter. LPL Financial LLC grew its stake in GoPro by 14.1% in the first quarter. LPL Financial LLC now owns 74,593 shares of the company’s stock valued at $357,000 after purchasing an additional 9,243 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in GoPro in the second quarter valued at approximately $172,000. Finally, MUFG Securities EMEA plc grew its stake in GoPro by 113.1% in the second quarter. MUFG Securities EMEA plc now owns 60,287 shares of the company’s stock valued at $388,000 after purchasing an additional 32,000 shares in the last quarter. Institutional investors and hedge funds own 30.82% of the company’s stock.

In related news, CFO Brian Mcgee sold 5,452 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $5.86, for a total transaction of $31,948.72. Following the sale, the chief financial officer now owns 108,411 shares in the company, valued at approximately $635,288.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.61% of the company’s stock.

A number of research firms have weighed in on GPRO. Morgan Stanley set a $5.00 price target on GoPro and gave the company a “sell” rating in a research note on Monday. ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. BidaskClub cut GoPro from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Wedbush set a $7.00 price target on GoPro and gave the stock a “hold” rating in a report on Wednesday, September 26th. Finally, Citigroup raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Wednesday, September 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.05.

Shares of GPRO stock opened at $6.57 on Thursday. The firm has a market cap of $936.09 million, a P/E ratio of -6.20 and a beta of 0.22. GoPro Inc has a twelve month low of $4.42 and a twelve month high of $10.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.49.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. The business had revenue of $282.70 million for the quarter, compared to analyst estimates of $270.27 million. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. GoPro’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. Equities research analysts expect that GoPro Inc will post -0.54 EPS for the current fiscal year.

GoPro Company Profile

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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