Swiss National Bank Acquires 21,100 Shares of GoPro, Inc. (GPRO)

Swiss National Bank increased its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,700 shares of the company’s stock after buying an additional 21,100 shares during the period. Swiss National Bank owned about 0.12% of GoPro worth $1,355,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in GoPro during the 1st quarter worth approximately $113,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in GoPro by 195.5% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after purchasing an additional 10,750 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in GoPro by 3.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after purchasing an additional 695 shares during the last quarter. Invictus RG bought a new position in GoPro during the 1st quarter worth approximately $195,000. Finally, First Financial Equity Corporation bought a new position in GoPro during the 1st quarter worth approximately $247,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Several research analysts have issued reports on GPRO shares. Vetr lowered shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $9.04 price target for the company. in a report on Wednesday, July 12th. J P Morgan Chase & Co restated a “buy” rating on shares of GoPro in a report on Friday, August 4th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 4th. Morgan Stanley upgraded shares of GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Cowen and Company restated a “hold” rating and set a $8.50 price target on shares of GoPro in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.27.

In other GoPro news, COO Charles J. Prober sold 24,918 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the completion of the transaction, the chief operating officer now owns 148,493 shares in the company, valued at $1,633,423. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony John Bates sold 25,529 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,344 shares of company stock valued at $542,205. 28.58% of the stock is owned by corporate insiders.

Shares of GoPro, Inc. (NASDAQ:GPRO) opened at 9.63 on Thursday. GoPro, Inc. has a 52-week low of $7.14 and a 52-week high of $15.68. The firm’s market cap is $1.31 billion. The company has a 50-day moving average of $10.28 and a 200 day moving average of $8.98.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. The business had revenue of $296.52 million during the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.52) earnings per share. On average, equities analysts expect that GoPro, Inc. will post $0.05 earnings per share for the current year.

WARNING: “Swiss National Bank Acquires 21,100 Shares of GoPro, Inc. (GPRO)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/12/swiss-national-bank-acquires-21100-shares-of-gopro-inc-gpro.html.

About GoPro

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-base

Other large investors have also bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in GoPro during the 1st quarter worth approximately $113,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in GoPro by 195.5% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after purchasing an additional 10,750 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in GoPro by 3.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after purchasing an additional 695 shares during the last quarter. Invictus RG bought a new position in GoPro during the 1st quarter worth approximately $195,000. Finally, First Financial Equity Corporation bought a new position in GoPro during the 1st quarter worth approximately $247,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Several research analysts have issued reports on GPRO shares. Vetr lowered shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $9.04 price target for the company. in a report on Wednesday, July 12th. J P Morgan Chase & Co restated a “buy” rating on shares of GoPro in a report on Friday, August 4th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 4th. Morgan Stanley upgraded shares of GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Cowen and Company restated a “hold” rating and set a $8.50 price target on shares of GoPro in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.27.

In other GoPro news, COO Charles J. Prober sold 24,918 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the completion of the transaction, the chief operating officer now owns 148,493 shares in the company, valued at $1,633,423. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony John Bates sold 25,529 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,344 shares of company stock valued at $542,205. 28.58% of the stock is owned by corporate insiders.

Shares of GoPro, Inc. (NASDAQ:GPRO) opened at 9.63 on Thursday. GoPro, Inc. has a 52-week low of $7.14 and a 52-week high of $15.68. The firm’s market cap is $1.31 billion. The company has a 50-day moving average of $10.28 and a 200 day moving average of $8.98.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. The business had revenue of $296.52 million during the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.52) earnings per share. On average, equities analysts expect that GoPro, Inc. will post $0.05 earnings per share for the current year.

WARNING: “Swiss National Bank Acquires 21,100 Shares of GoPro, Inc. (GPRO)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/12/swiss-national-bank-acquires-21100-shares-of-gopro-inc-gpro.html.

About GoPro

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.

Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply