Virtu Financial LLC Makes New $105,000 Investment in GoPro, Inc. (NASDAQ:GPRO)

Virtu Financial LLC bought a new stake in GoPro, Inc. (NASDAQ:GPRO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 96,108 shares of the company’s stock, valued at approximately $105,000. Virtu Financial LLC owned approximately 0.06% of GoPro at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of GoPro in the 4th quarter worth approximately $27,000. Picton Mahoney Asset Management grew its holdings in GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after purchasing an additional 12,172 shares during the last quarter. Intech Investment Management LLC acquired a new stake in GoPro in the third quarter valued at $35,000. Prentice Capital Management LP increased its position in shares of GoPro by 430.4% in the third quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock valued at $102,000 after buying an additional 61,154 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of 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 buying an additional 12,147 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

GoPro Stock Down 5.5 %

Shares of 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. The company has a market capitalization of $108.67 million, a P/E ratio of -0.24 and a beta of 1.62. GoPro, Inc. has a 52-week low of $0.64 and a 52-week high of $2.32. The stock’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $1.11.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that GoPro, Inc. will post -0.25 earnings per share for the current fiscal year.

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.