CIBC World Markets Inc. Purchases Shares of 39,000 GoPro Inc (GPRO)

CIBC World Markets Inc. purchased a new stake in GoPro Inc (NASDAQ:GPRO) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 39,000 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPRO. Fuller & Thaler Asset Management Inc. bought a new stake in shares of GoPro in the 3rd quarter valued at approximately $7,495,000. Vanguard Group Inc. increased its holdings in shares of GoPro by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock valued at $57,672,000 after acquiring an additional 444,109 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of GoPro by 1,970.7% in the 4th quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock valued at $2,987,000 after acquiring an additional 375,506 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of GoPro by 266.1% in the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after acquiring an additional 212,486 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of GoPro by 25.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock valued at $5,926,000 after acquiring an additional 160,745 shares during the last quarter. Institutional investors and hedge funds own 26.40% of the company’s stock.

In other news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the transaction, the director now owns 99,459 shares of the company’s stock, valued at $793,682.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian Mcgee sold 7,541 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the completion of the transaction, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The disclosure for this sale can be found here. Corporate insiders own 28.58% of the company’s stock.

A number of equities research analysts have recently weighed in on GPRO shares. Vetr upgraded GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price target for the company in a report on Thursday, October 19th. JPMorgan Chase & Co. set a $9.00 price objective on GoPro and gave the stock a “buy” rating in a research note on Monday, January 8th. Citigroup lowered their price objective on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. BidaskClub downgraded GoPro from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Finally, Longbow Research upgraded GoPro from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $8.14.

GoPro Inc (NASDAQ GPRO) opened at $5.46 on Friday. The company has a market capitalization of $779.80, a price-to-earnings ratio of -4.17 and a beta of 0.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. GoPro Inc has a 52 week low of $5.04 and a 52 week high of $11.89.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 39.34% and a negative net margin of 15.50%. The business had revenue of $334.80 million during the quarter, compared to the consensus estimate of $340.19 million. During the same period in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was down 38.1% compared to the same quarter last year. analysts anticipate that GoPro Inc will post -0.62 earnings per share for the current year.

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GoPro Company Profile

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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