Charles Schwab Investment Management Inc. Has $1.52 Million Holdings in GoPro, Inc. (NASDAQ:GPRO)

Charles Schwab Investment Management Inc. trimmed its position in GoPro, Inc. (NASDAQ:GPRO) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394,840 shares of the company’s stock after selling 103,845 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.90% of GoPro worth $1,520,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GPRO. Jane Street Group LLC boosted its stake in GoPro by 63.4% in the 3rd quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock worth $671,000 after purchasing an additional 191,487 shares during the period. State Street Corp boosted its position in shares of GoPro by 0.5% in the third quarter. State Street Corp now owns 2,533,952 shares of the company’s stock worth $3,446,000 after buying an additional 11,454 shares during the period. Barclays PLC grew its holdings in shares of GoPro by 4.0% during the third quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after buying an additional 24,044 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of GoPro during the third quarter valued at $35,000. Finally, SG Americas Securities LLC raised its position in GoPro by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 127,323 shares of the company’s stock valued at $139,000 after buying an additional 12,147 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

GoPro Price Performance

GPRO opened at $0.69 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. GoPro, Inc. has a 1 year low of $0.64 and a 1 year high of $2.32. The stock has a fifty day moving average price of $0.84 and a 200 day moving average price of $1.11. The stock has a market cap of $106.83 million, a price-to-earnings ratio of -0.24 and a beta of 1.62.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.13) EPS 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%. Analysts forecast that GoPro, Inc. will post -0.25 EPS for the current fiscal year.

GoPro 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.