GSA Capital Partners LLP Acquires 1,523,183 Shares of GoPro, Inc. (NASDAQ:GPRO)

GSA Capital Partners LLP raised its position in shares of GoPro, Inc. (NASDAQ:GPRO - Free Report) by 149.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,542,398 shares of the company's stock after acquiring an additional 1,523,183 shares during the quarter. GoPro comprises 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 23rd biggest holding. GSA Capital Partners LLP owned about 1.66% of GoPro worth $3,458,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in GoPro by 61.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,381 shares of the company's stock worth $222,000 after acquiring an additional 37,925 shares in the last quarter. BNP Paribas Financial Markets increased its position in GoPro by 312.4% in the 1st quarter. BNP Paribas Financial Markets now owns 156,199 shares of the company's stock valued at $348,000 after buying an additional 118,322 shares in the last quarter. SG Americas Securities LLC raised its stake in GoPro by 69.8% during the 1st quarter. SG Americas Securities LLC now owns 106,154 shares of the company's stock worth $237,000 after buying an additional 43,645 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in GoPro in the first quarter valued at approximately $655,000. Finally, Headlands Technologies LLC grew its stake in GoPro by 62.6% in the first quarter. Headlands Technologies LLC now owns 29,379 shares of the company's stock valued at $66,000 after acquiring an additional 11,306 shares during the period. 70.09% of the stock is owned by institutional investors.

GoPro Stock Performance

NASDAQ:GPRO traded down $0.21 during trading on Tuesday, reaching $1.44. The company's stock had a trading volume of 2,373,597 shares, compared to its average volume of 1,708,500. The firm has a market cap of $219.93 million, a price-to-earnings ratio of -0.56 and a beta of 1.56. GoPro, Inc. has a 12 month low of $1.16 and a 12 month high of $3.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.47. The firm has a 50 day moving average of $1.33 and a 200-day moving average of $1.43.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GPRO. Wedbush reissued a "neutral" rating and issued a $1.50 price target on shares of GoPro in a research report on Wednesday, November 6th. StockNews.com upgraded GoPro from a "sell" rating to a "hold" rating in a research note on Friday, September 13th.

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.