Key Points
- GoPro COO Brian Mcgee sold 130,631 shares on May 20 at an average price of $0.97, totaling about $126,712. The sale reduced his holdings by 12.12%, and it was made under a pre-arranged Rule 10b5-1 trading plan.
- GoPro’s stock was trading near $1.00 and has a market cap of about $164 million. The shares have ranged from $0.57 to $3.05 over the past year, highlighting the stock’s volatility.
- Recent earnings missed expectations by a wide margin, with GoPro reporting a loss of $0.35 per share versus the expected $0.03 loss and revenue of $99.07 million versus the $137.54 million estimate. Analysts currently expect the company to post negative EPS for the year, and recent ratings have leaned bearish.
GoPro, Inc. (NASDAQ:GPRO - Get Free Report) COO Brian Mcgee sold 130,631 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $0.97, for a total transaction of $126,712.07. Following the transaction, the chief operating officer owned 947,123 shares in the company, valued at approximately $918,709.31. This trade represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GoPro Stock Up 1.0%
Shares of GoPro stock opened at $1.00 on Friday. The company has a market cap of $164.16 million, a price-to-earnings ratio of -1.27 and a beta of 2.46. The company's 50 day moving average is $1.00 and its 200 day moving average is $1.23. GoPro, Inc. has a twelve month low of $0.57 and a twelve month high of $3.05. The company has a quick ratio of 0.38, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.
GoPro (NASDAQ:GPRO - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.32). The company had revenue of $99.07 million for the quarter, compared to the consensus estimate of $137.54 million. GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. Research analysts anticipate that GoPro, Inc. will post -0.04 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GPRO. AQR Capital Management LLC raised its position in GoPro by 957.3% in the first quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company's stock worth $2,445,000 after acquiring an additional 3,338,941 shares during the period. Goldman Sachs Group Inc. raised its position in GoPro by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,578,385 shares of the company's stock worth $1,046,000 after acquiring an additional 91,283 shares during the period. Jump Financial LLC bought a new position in GoPro in the second quarter worth approximately $25,000. Banco BTG Pactual S.A. bought a new position in GoPro in the second quarter worth approximately $27,000. Finally, Brevan Howard Capital Management LP bought a new position in GoPro in the second quarter worth approximately $187,000. 70.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
GPRO has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of GoPro from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of GoPro from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Sell".
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GoPro Company Profile
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GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro's product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.
Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.
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