GoPro, Inc. (NASDAQ:GPRO) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 149.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,542,398 shares of the company’s stock after acquiring an additional 1,523,183 shares during the quarter. GoPro accounts for about 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 23rd largest holding. GSA Capital Partners LLP’s holdings in GoPro were worth $3,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in GoPro during the second quarter valued at approximately $32,000. Point72 DIFC Ltd acquired a new position in GoPro during the second quarter valued at approximately $33,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of GoPro during the first quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of GoPro by 316.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 24,991 shares of the company’s stock worth $35,000 after purchasing an additional 18,996 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of GoPro by 62.6% during the first 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 owned by institutional investors and hedge funds.

GoPro Trading Up 5.1 %

NASDAQ GPRO opened at $1.65 on Tuesday. The company’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.43. GoPro, Inc. has a 52 week low of $1.16 and a 52 week high of $3.80. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market cap of $252.00 million, a P/E ratio of -0.63 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GPRO shares. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Wedbush reissued a “neutral” rating and set a $1.50 target price on shares of GoPro in a research report on Wednesday, November 6th.

GoPro Company 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.