Point72 DIFC Ltd Makes New Investment in GoPro, Inc. (NASDAQ:GPRO)

Point72 DIFC Ltd purchased a new stake in GoPro, Inc. (NASDAQ:GPRO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,032 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in GoPro by 191.8% during the first quarter. Acadian Asset Management LLC now owns 2,105,941 shares of the company’s stock worth $4,694,000 after buying an additional 1,384,308 shares during the period. CenterBook Partners LP purchased a new stake in GoPro during the fourth quarter worth $267,000. SG Americas Securities LLC lifted its holdings in GoPro by 69.8% during the first quarter. SG Americas Securities LLC now owns 106,154 shares of the company’s stock worth $237,000 after buying an additional 43,645 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of GoPro during the first quarter worth $655,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of GoPro by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,677,795 shares of the company’s stock worth $5,822,000 after purchasing an additional 197,046 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

GoPro Stock Performance

Shares of GPRO stock opened at $1.33 on Monday. The business’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.58. The company has a market cap of $199.36 million, a PE ratio of -0.56 and a beta of 1.56. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. GoPro, Inc. has a 12-month low of $1.16 and a 12-month high of $3.80.

GoPro (NASDAQ:GPRO) last released its earnings results on Tuesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $186.22 million for the quarter, compared to the consensus estimate of $170.02 million. During the same period in the prior year, the firm earned ($0.13) EPS. The firm’s revenue was down 22.7% on a year-over-year basis. Analysts expect that GoPro, Inc. will post -0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.