The Vanguard Group, Inc. has recently announced that it has increased stake in GoPro Inc. (NASDAQ:GPRO) by 0.03%. After grabbing 11.99 million shares, the institutional investor is now in possession of 3855.0 shares of the Technology Company. The new investment brought the stake of investor firm to 9.48% having worth around $30.1 million. Moreover, BlackRock Fund Advisors increased its share by 0.35 million to have a control over 9.82 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.11 million shares by acquiring 4.1 million shares or 3.24% of the stake.
GoPro Inc. (GPRO) concluded trading on 12/14/23 at a closing price of $3.70, with 4.66 million shares of worth about $17.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.74% during that period and on Thursday the price saw a gain of about 2.78%. Currently the company’s common shares owned by public are about 128.63M shares, out of which, 122.53M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 1,098,089 shares in 17 of the transactions. In 38 selling transactions, insiders dumped 646,415 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in GoPro Inc. Vanguard Total Stock Market ETF is currently holding 3.92 million shares of worth totaling $9.85 million. The company recently came buying 0.0 shares which brought its stake up to 3.10% of the company’s outstanding shares. iShares Russell 2000 ETF sold 31152.0 shares, after which its hold over company’s outstanding shares shrunk to 2.45%, leaving 3.1 million shares with the mutual fund that have a worth of about $7.78 million. Vanguard Small Cap Index Fund, after buying 3.09 million shares, have now control over 2.44% of the stake in the company. It holds 1500.0 shares of worth $7.75 million.
However, the stock later moved at a day high price of 3.8000, or with a gain of 2.78%. Stock saw a price change of 4.52% in past 5 days and over the past one month there was a price change of 7.87%. Year-to-date (YTD), GPRO shares are showing a performance of -25.70% which decreased to -30.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.41 but also hit the highest price of $6.57 during that period. The average intraday trading volume for GoPro Inc. shares is 1.52 million. The stock is currently trading 3.87% above its 20-day simple moving average (SMA20), while that difference is up 19.38% for SMA50 and it goes to -5.35% lower than SMA200.
The Vanguard Group, Inc. acquired 11.99 million shares of GoPro Inc. having value of about $30.1 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 3855.0 shares in the company valued at close to $14263.5, or have control over 0.03% stake in the company. GoPro Inc. (NASDAQ: GPRO) currently have 128.63M outstanding shares and institutions hold larger chunk of about 53.32% of that. Holding of mutual funds in the company is about 31.06% while other institutional holders and individual stake holders have control over 33.48% and 18.35% of the stake respectively.
The stock has a current market capitalization of $562.55M and its 3Y-monthly beta is at 1.57. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GPRO, volatility over the week remained 5.89% while standing at 4.82% over the month.
Analysts are in expectations that GoPro Inc. (GPRO) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -141.13% while it is estimated to increase by 181.03% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 12, 2023 offering an Underweight rating for the stock and assigned a target price range of between $4.20 and $3 to it.
