SG Americas Securities LLC Purchases 15,541 Shares of GoPro, Inc. (NASDAQ:GPRO)

SG Americas Securities LLC raised its position in GoPro, Inc. (NASDAQ:GPRO) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,176 shares of the company’s stock after acquiring an additional 15,541 shares during the quarter. SG Americas Securities LLC’s holdings in GoPro were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPRO. Oak Thistle LLC bought a new stake in shares of GoPro in the 2nd quarter valued at about $32,000. Point72 DIFC Ltd bought a new stake in GoPro in the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of GoPro by 316.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 24,991 shares of the company’s stock valued at $35,000 after buying an additional 18,996 shares during the last quarter. RIA Advisory Group LLC bought a new position in shares of GoPro during the 1st quarter worth approximately $44,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of GoPro during the 1st quarter worth approximately $54,000. Institutional investors own 70.09% of the company’s stock.

GoPro Stock Performance

NASDAQ:GPRO opened at $1.32 on Friday. The stock has a 50 day simple moving average of $1.30 and a 200 day simple moving average of $1.47. The stock has a market cap of $197.86 million, a P/E ratio of -0.55 and a beta of 1.55. GoPro, Inc. has a 1-year low of $1.16 and a 1-year 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.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.01. The firm had revenue of $186.22 million for the quarter, compared to analysts’ expectations of $170.02 million. GoPro had a negative return on equity of 24.57% and a negative net margin of 42.19%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS. Research analysts anticipate that GoPro, Inc. will post -0.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on GPRO shares. Wedbush cut their price target on GoPro from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note 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.