Nuveen LLC Purchases New Shares in GoPro, Inc. $GPRO

Nuveen LLC purchased a new stake in GoPro, Inc. (NASDAQ:GPRO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 377,819 shares of the company’s stock, valued at approximately $250,000.

Several other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 1,841,983 shares during the period. GSA Capital Partners LLP lifted its position in GoPro by 99.5% during the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company’s stock valued at $1,142,000 after buying an additional 859,677 shares during the period. Bridgeway Capital Management LLC lifted its position in GoPro by 110.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after buying an additional 379,500 shares during the period. Jane Street Group LLC lifted its position in GoPro by 52.4% during the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock valued at $820,000 after buying an additional 258,600 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in GoPro during the fourth quarter valued at $191,000. Institutional investors own 70.09% of the company’s stock.

Insiders Place Their Bets

In other GoPro news, EVP Brian Mcgee sold 150,043 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $1.24, for a total value of $186,053.32. Following the completion of the transaction, the executive vice president owned 779,974 shares of the company’s stock, valued at approximately $967,167.76. The trade was a 16.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.38% of the company’s stock.

GoPro Stock Performance

Shares of NASDAQ:GPRO opened at $1.49 on Friday. GoPro, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $2.37. The business has a 50-day simple moving average of $1.21 and a two-hundred day simple moving average of $0.86. The firm has a market cap of $235.69 million, a price-to-earnings ratio of -2.16 and a beta of 1.51.

Analysts Set New Price Targets

GPRO has been the subject of several recent research reports. Wall Street Zen raised GoPro from a “sell” rating to a “hold” rating in a research report on Friday. Wedbush reissued a “neutral” rating and set a $0.75 price objective (down previously from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. 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 one has given a Sell rating to the stock. According to data from MarketBeat, GoPro has a consensus rating of “Reduce” and an average target price of $0.75.

GoPro Company Profile

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.