Jason Christopher Stephen Sells 26,011 Shares of GoPro (NASDAQ:GPRO) Stock

GoPro, Inc. (NASDAQ:GPRO) VP Jason Christopher Stephen sold 26,011 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $1.52, for a total value of $39,536.72. Following the completion of the sale, the vice president directly owned 143,714 shares of the company’s stock, valued at approximately $218,445.28. This represents a 15.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

GoPro Trading Up 4.1%

NASDAQ:GPRO opened at $1.51 on Friday. The stock has a market cap of $241.19 million, a PE ratio of -1.96 and a beta of 1.72. GoPro, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $3.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.72. The stock’s 50-day moving average is $2.04 and its two-hundred day moving average is $1.38.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). GoPro had a negative return on equity of 71.67% and a negative net margin of 18.68%.The company had revenue of $162.92 million during the quarter, compared to analysts’ expectations of $211.18 million. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, equities research analysts forecast that GoPro, Inc. will post -0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of GoPro in a research note on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating on shares of GoPro in a research note on Tuesday, August 12th. Finally, Wall Street Zen lowered GoPro from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, GoPro has a consensus rating of “Sell” and an average price target of $0.75.

Institutional Trading of GoPro

Large investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. acquired a new stake in GoPro in the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in GoPro by 1,295,800.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after buying an additional 12,958 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in GoPro in the 3rd quarter worth $28,000. Kestra Private Wealth Services LLC acquired a new position in GoPro during the 3rd quarter worth $32,000. Finally, Captrust Financial Advisors boosted its holdings in GoPro by 89.6% during the second quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after acquiring an additional 15,618 shares during the period. Institutional investors own 70.09% of the company’s stock.

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.