Assenagon Asset Management S.A. Has $404,000 Holdings in GoPro, Inc. (NASDAQ:GPRO)

Assenagon Asset Management S.A. cut its holdings in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 69.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 297,296 shares of the company's stock after selling 668,518 shares during the period. Assenagon Asset Management S.A. owned 0.20% of GoPro worth $404,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GPRO. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 buying an additional 37,925 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of GoPro by 312.4% during the 1st quarter. BNP Paribas Financial Markets now owns 156,199 shares of the company's stock worth $348,000 after purchasing an additional 118,322 shares during the period. RIA Advisory Group LLC acquired a new position in shares of GoPro during the first quarter valued at about $44,000. SG Americas Securities LLC lifted its position in shares of GoPro by 69.8% in the 1st quarter. SG Americas Securities LLC now owns 106,154 shares of the company's stock worth $237,000 after acquiring an additional 43,645 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in GoPro in the first quarter worth $655,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wedbush reduced their price objective on shares of GoPro from $2.00 to $1.50 and set a "neutral" rating for the company in a report on Wednesday, August 7th. StockNews.com raised GoPro from a "sell" rating to a "hold" rating in a research note on Friday, September 13th.

GoPro Price Performance

Shares of NASDAQ GPRO traded down $0.03 during mid-day trading on Monday, hitting $1.34. 1,062,292 shares of the stock were exchanged, compared to its average volume of 1,684,541. The company has a market cap of $204.66 million, a P/E ratio of -0.52 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.47. GoPro, Inc. has a twelve month low of $1.16 and a twelve month high of $3.80. The stock's fifty day simple moving average is $1.31 and its two-hundred day simple moving average is $1.44.

GoPro (NASDAQ:GPRO - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.01. The business had revenue of $186.22 million for the quarter, compared to analysts' expectations of $170.02 million. GoPro had a negative net margin of 42.19% and a negative return on equity of 24.57%. GoPro's revenue was down 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. As a group, analysts forecast that GoPro, Inc. will post -0.65 EPS for the current fiscal year.

GoPro 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.