GoPro, Inc. (NASDAQ:GPRO) Stock Holdings Increased by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in GoPro, Inc. (NASDAQ:GPRO) by 416.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,382 shares of the company’s stock after purchasing an additional 118,059 shares during the quarter. XTX Topco Ltd owned 0.10% of GoPro worth $208,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Oak Thistle LLC bought a new position in GoPro in the 2nd quarter valued at about $32,000. RIA Advisory Group LLC bought a new position in shares of GoPro in the first quarter valued at approximately $44,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of GoPro during the first quarter valued at approximately $54,000. Headlands Technologies LLC raised its holdings in 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. Finally, Quadrature Capital Ltd acquired a new stake in GoPro in the first quarter worth approximately $75,000. 70.09% of the stock is owned by institutional investors and hedge funds.

GoPro Trading Up 2.3 %

GoPro stock opened at $1.33 on Monday. The firm has a market cap of $199.36 million, a price-to-earnings ratio of -0.56 and a beta of 1.56. GoPro, Inc. has a 1 year low of $1.16 and a 1 year high of $3.80. The firm’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.58. 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 (NASDAQ:GPRO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. GoPro had a negative return on equity of 24.57% and a negative net margin of 42.19%. The business had revenue of $186.22 million for the quarter, compared to analysts’ expectations of $170.02 million. During the same period in the previous year, the firm posted ($0.13) EPS. The company’s quarterly revenue was down 22.7% on a year-over-year basis. On average, research analysts predict that GoPro, Inc. will post -0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GPRO has been the topic of a number of research reports. Wedbush dropped their price objective on GoPro from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

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.