GAM Holding AG boosted its stake in shares of GoPro Inc. (NASDAQ:GPRO) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,200 shares of the company’s stock after buying an additional 11,000 shares during the period. GAM Holding AG owned about 0.26% of GoPro worth $6,125,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GPRO. Allegis Investment Advisors LLC raised its position in GoPro by 1.8% in the second quarter. Allegis Investment Advisors LLC now owns 23,100 shares of the company’s stock valued at $250,000 after buying an additional 400 shares in the last quarter. National Planning Corp raised its position in GoPro by 3.8% in the second quarter. National Planning Corp now owns 12,325 shares of the company’s stock valued at $155,000 after buying an additional 450 shares in the last quarter. Amalgamated Bank raised its position in GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock valued at $154,000 after buying an additional 482 shares in the last quarter. Suntrust Banks Inc. raised its position in GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock valued at $179,000 after buying an additional 696 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in GoPro by 10.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,490 shares of the company’s stock valued at $157,000 after buying an additional 1,319 shares in the last quarter. 32.87% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

Shares of GoPro Inc. (NASDAQ:GPRO) traded up 0.459% during mid-day trading on Tuesday, hitting $9.855. The stock had a trading volume of 2,367,735 shares. GoPro Inc. has a 12-month low of $8.62 and a 12-month high of $20.60. The stock’s market cap is $1.39 billion. The firm’s 50-day moving average price is $12.22 and its 200 day moving average price is $12.59.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. GoPro had a negative return on equity of 49.53% and a negative net margin of 31.23%. The firm earned $240.57 million during the quarter, compared to the consensus estimate of $315.89 million. During the same quarter in the prior year, the business posted $0.25 EPS. GoPro’s revenue was down 39.9% compared to the same quarter last year. Equities analysts forecast that GoPro Inc. will post ($1.48) EPS for the current fiscal year.

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GPRO has been the topic of several recent research reports. Dougherty & Co reissued a “neutral” rating on shares of GoPro in a research report on Wednesday, November 2nd. Vetr raised GoPro from a “buy” rating to a “strong-buy” rating and set a $16.34 price target on the stock in a research report on Monday, August 8th. Raymond James Financial Inc. lowered GoPro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Hilliard Lyons lowered GoPro to a “neutral” rating in a research report on Thursday, November 10th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of GoPro in a research report on Monday, August 8th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.40.

In other GoPro news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the completion of the sale, the president now owns 398,137 shares in the company, valued at approximately $5,637,619.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Mcgee sold 4,497 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $10.32, for a total value of $46,409.04. Following the completion of the sale, the chief financial officer now owns 51,250 shares of the company’s stock, valued at approximately $528,900. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.

GoPro Company Profile

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.

5 Day Chart for NASDAQ:GPRO

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