Bank of New York Mellon Corp Acquires 53,614 Shares of GoPro, Inc. (NASDAQ:GPRO)

Bank of New York Mellon Corp lifted its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,395 shares of the company’s stock after buying an additional 53,614 shares during the period. Bank of New York Mellon Corp owned approximately 0.30% of GoPro worth $642,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in shares of GoPro by 191.8% during the first quarter. Acadian Asset Management LLC now owns 2,105,941 shares of the company’s stock valued at $4,694,000 after purchasing an additional 1,384,308 shares during the last quarter. CenterBook Partners LP purchased a new stake in GoPro during the 4th quarter valued at $267,000. SG Americas Securities LLC lifted its holdings in shares of GoPro by 69.8% during the 1st quarter. SG Americas Securities LLC now owns 106,154 shares of the company’s stock valued at $237,000 after buying an additional 43,645 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of GoPro in the 1st quarter worth $655,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of GoPro by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,677,795 shares of the company’s stock worth $5,822,000 after acquiring an additional 197,046 shares during the period. 70.09% of the stock is currently owned by institutional investors.

GoPro Stock Up 0.8 %

NASDAQ GPRO opened at $1.31 on Tuesday. GoPro, Inc. has a 12 month low of $1.16 and a 12 month 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. The stock has a market cap of $196.37 million, a PE ratio of -0.55 and a beta of 1.56. The stock’s 50 day moving average is $1.36 and its 200 day moving average is $1.61.

GoPro (NASDAQ:GPRO) last released its earnings results on Tuesday, August 6th. The company reported ($0.24) EPS 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 the consensus estimate of $170.02 million. GoPro had a negative net margin of 42.19% and a negative return on equity of 24.57%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Research analysts predict that GoPro, Inc. will post -0.67 EPS for the current fiscal year.

Analyst Ratings Changes

GPRO has been the topic of several analyst reports. Wedbush lowered their target price on GoPro from $2.00 to $1.50 and set a “neutral” rating on the stock in a research 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.