Virtu Financial LLC Makes New Investment in GoPro, Inc. (NASDAQ:GPRO)

Virtu Financial LLC purchased a new stake in GoPro, Inc. (NASDAQ:GPRO) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 96,108 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in GoPro by 123.3% in the fourth quarter. Intech Investment Management LLC now owns 57,924 shares of the company’s stock valued at $63,000 after acquiring an additional 31,985 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock worth $30,000 after purchasing an additional 12,172 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of GoPro by 4.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company’s stock valued at $562,000 after purchasing an additional 20,141 shares in the last quarter. R Squared Ltd purchased a new stake in shares of GoPro during the 4th quarter worth about $27,000. Finally, SG Americas Securities LLC increased its position in GoPro by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company’s stock worth $139,000 after purchasing an additional 12,147 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

GoPro Stock Down 5.5 %

NASDAQ GPRO opened at $0.69 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. GoPro, Inc. has a fifty-two week low of $0.64 and a fifty-two week high of $2.32. The business has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $1.11. The stock has a market cap of $108.67 million, a PE ratio of -0.24 and a beta of 1.62.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). GoPro had a negative net margin of 53.94% and a negative return on equity of 55.77%. As a group, sell-side analysts predict that GoPro, Inc. will post -0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GPRO shares. Wedbush reissued a “neutral” rating and issued a $1.50 target price on shares of GoPro in a research note on Friday, January 31st. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a research report on Monday, March 24th.

About GoPro

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.