Barclays PLC Purchases 24,044 Shares of GoPro, Inc. (NASDAQ:GPRO)

Barclays PLC lifted its position in GoPro, Inc. (NASDAQ:GPRO) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 628,791 shares of the company’s stock after buying an additional 24,044 shares during the period. Barclays PLC’s holdings in GoPro were worth $855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GPRO. Bank of New York Mellon Corp raised its holdings in shares of GoPro by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 452,395 shares of the company’s stock valued at $642,000 after acquiring an additional 53,614 shares in the last quarter. XTX Topco Ltd raised its holdings in GoPro by 416.8% in the second quarter. XTX Topco Ltd now owns 146,382 shares of the company’s stock worth $208,000 after purchasing an additional 118,059 shares in the last quarter. Sei Investments Co. bought a new position in GoPro in the second quarter worth about $136,000. Point72 DIFC Ltd bought a new position in GoPro in the second quarter worth about $33,000. Finally, Cubist Systematic Strategies LLC raised its holdings in GoPro by 396.6% in the second quarter. Cubist Systematic Strategies LLC now owns 523,745 shares of the company’s stock worth $744,000 after purchasing an additional 418,288 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated a “neutral” rating and issued a $1.50 target price on shares of GoPro in a report on Wednesday, November 6th.

GoPro Stock Performance

GPRO opened at $1.06 on Thursday. The firm’s 50-day moving average price is $1.20 and its 200-day moving average price is $1.31. The company has a market cap of $164.05 million, a P/E ratio of -0.40 and a beta of 1.53. GoPro, Inc. has a 52-week low of $1.03 and a 52-week high of $3.40. 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 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.