TIAA CREF Investment Management LLC increased its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 274,610 shares of the company’s stock after buying an additional 2,347 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.19% of GoPro worth $2,389,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. State Street Corp boosted its stake in GoPro by 5.1% in the fourth quarter. State Street Corp now owns 1,738,421 shares of the company’s stock valued at $15,142,000 after buying an additional 84,601 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in GoPro by 0.9% in the first quarter. First Eagle Investment Management LLC now owns 547,200 shares of the company’s stock valued at $4,761,000 after buying an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in GoPro by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock valued at $4,095,000 after buying an additional 23,641 shares in the last quarter. Teachers Advisors LLC boosted its stake in GoPro by 3.1% in the first quarter. Teachers Advisors LLC now owns 177,167 shares of the company’s stock valued at $1,541,000 after buying an additional 5,373 shares in the last quarter. Finally, Swiss National Bank boosted its stake in GoPro by 3.9% in the first quarter. Swiss National Bank now owns 145,600 shares of the company’s stock valued at $1,267,000 after buying an additional 5,500 shares in the last quarter. 25.31% of the stock is owned by institutional investors.
GoPro, Inc. (NASDAQ:GPRO) opened at 9.6724 on Friday. The stock’s market capitalization is $1.39 billion. The company’s 50-day moving average price is $8.07 and its 200 day moving average price is $8.63. GoPro, Inc. has a 52-week low of $7.15 and a 52-week high of $17.68.
GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, August 3rd. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16. GoPro had a negative return on equity of 49.75% and a negative net margin of 34.63%. The company had revenue of $296.52 million for the quarter, compared to analysts’ expectations of $268.94 million. During the same period last year, the firm earned ($0.52) EPS. GoPro’s revenue for the quarter was up 34.3% compared to the same quarter last year. Equities analysts forecast that GoPro, Inc. will post ($0.12) EPS for the current fiscal year.
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GPRO has been the subject of several recent analyst reports. Vetr cut GoPro from a “strong-buy” rating to a “buy” rating and set a $9.71 target price for the company. in a research note on Monday, April 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $9.00 target price on shares of GoPro in a research note on Monday, April 17th. Dougherty & Co reaffirmed a “sell” rating and set a $5.00 target price on shares of GoPro in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of GoPro in a research note on Monday, May 1st. Finally, J P Morgan Chase & Co set a $12.00 target price on GoPro and gave the stock a “buy” rating in a research note on Sunday, April 30th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.20.
In other GoPro news, Director Anthony John Bates sold 41,076 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the completion of the sale, the director now owns 142,011 shares in the company, valued at approximately $1,205,673.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 28.69% of the company’s stock.
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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