RIA Advisory Group LLC Acquires New Position in GoPro, Inc. (NASDAQ:GPRO)

RIA Advisory Group LLC bought a new stake in GoPro, Inc. (NASDAQ:GPRO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,700 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors also recently made changes to their positions in GPRO. The Manufacturers Life Insurance Company grew its stake in GoPro by 19.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,609 shares of the company’s stock worth $80,000 after buying an additional 9,337 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of GoPro by 2.7% during the first quarter. Russell Investments Group Ltd. now owns 368,597 shares of the company’s stock worth $822,000 after acquiring an additional 9,727 shares during the last quarter. Versant Capital Management Inc lifted its position in GoPro by 6.0% in the 2nd quarter. Versant Capital Management Inc now owns 199,992 shares of the company’s stock valued at $284,000 after purchasing an additional 11,284 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of GoPro by 15.6% in the third quarter. SG Americas Securities LLC now owns 115,176 shares of the company’s stock valued at $157,000 after purchasing an additional 15,541 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of GoPro by 316.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 24,991 shares of the company’s stock valued at $35,000 after buying an additional 18,996 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

GoPro Trading Down 3.2 %

GoPro stock opened at $1.21 on Friday. The firm has a market cap of $184.80 million, a price-to-earnings ratio of -0.46 and a beta of 1.56. GoPro, Inc. has a 1 year low of $1.16 and a 1 year high of $3.80. The firm’s 50 day moving average price is $1.34 and its two-hundred day moving average price is $1.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Wedbush reaffirmed a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a report on Wednesday, November 6th.

About GoPro

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.