Key Points
- Insider sale: GoPro VP Jason Christopher Stephen sold 26,011 shares on Nov. 18 at an average price of $1.52 for about $39,537, trimming his position by 15.33% to 143,714 shares.
- Weak quarterly results: GoPro reported Q3 EPS of ($0.09) vs. ($0.03) expected and revenue of $162.92M vs. $211.18M estimated, and the stock carries a consensus "Sell" rating with an average target of $0.75.
- Institutional investors have been buying heavily—firms like AQR, Charles Schwab and UBS materially increased stakes—and institutions now own roughly 70.09% of the company.
GoPro, Inc. (NASDAQ:GPRO - Get Free Report) VP Jason Christopher Stephen sold 26,011 shares of GoPro stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $1.52, for a total transaction of $39,536.72. Following the completion of the sale, the vice president directly owned 143,714 shares of the company's stock, valued at approximately $218,445.28. The trade was a 15.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
GoPro Stock Up 1.7%
GoPro stock traded up $0.03 during mid-day trading on Friday, hitting $1.48. 1,452,444 shares of the company's stock were exchanged, compared to its average volume of 7,227,633. GoPro, Inc. has a 1-year low of $0.40 and a 1-year high of $3.05. The stock has a 50 day moving average of $2.05 and a two-hundred day moving average of $1.38. The company has a current ratio of 0.95, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The stock has a market cap of $235.60 million, a P/E ratio of -1.92 and a beta of 1.72.
GoPro (NASDAQ:GPRO - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.06). The company had revenue of $162.92 million during the quarter, compared to analyst estimates of $211.18 million. GoPro had a negative return on equity of 71.67% and a negative net margin of 18.68%. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, analysts anticipate that GoPro, Inc. will post -0.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GPRO. AQR Capital Management LLC raised its holdings in GoPro by 957.3% in the 1st quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company's stock valued at $2,445,000 after acquiring an additional 3,338,941 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of GoPro by 132.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company's stock valued at $2,146,000 after purchasing an additional 1,841,983 shares during the period. UBS Group AG raised its stake in shares of GoPro by 567.4% in the third quarter. UBS Group AG now owns 1,407,615 shares of the company's stock valued at $2,984,000 after purchasing an additional 1,196,689 shares in the last quarter. GSA Capital Partners LLP lifted its position in GoPro by 99.5% in the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company's stock worth $1,142,000 after purchasing an additional 859,677 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in GoPro by 59.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company's stock worth $4,456,000 after purchasing an additional 781,426 shares during the period. Institutional investors own 70.09% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on GPRO. Weiss Ratings reiterated a "sell (d-)" rating on shares of GoPro in a report on Wednesday, October 8th. Wall Street Zen lowered shares of GoPro from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Finally, Morgan Stanley reissued an "underweight" rating on shares of GoPro in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell" and an average target price of $0.75.
Check Out Our Latest Analysis on GoPro
About GoPro
(
Get Free Report)
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.
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