Jason Christopher Stephen Sells 16,894 Shares of GoPro (NASDAQ:GPRO) Stock

GoPro, Inc. (NASDAQ:GPRO) SVP Jason Christopher Stephen sold 16,894 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1.11, for a total value of $18,752.34. Following the completion of the transaction, the senior vice president owned 381,324 shares in the company, valued at $423,269.64. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jason Christopher Stephen also recently made the following trade(s):

• On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The stock was sold at an average price of $0.80, for a total value of $4,314.40.

GoPro Price Performance

GPRO opened at $0.96 on Thursday. The stock has a 50-day moving average price of $0.99 and a 200-day moving average price of $1.24. GoPro, Inc. has a 12-month low of $0.57 and a 12-month high of $3.05. The company has a current ratio of 0.58, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $157.59 million, a P/E ratio of -1.22 and a beta of 2.46.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.32). GoPro had a negative return on equity of 161.44% and a negative net margin of 20.70%.The firm had revenue of $99.07 million during the quarter, compared to analysts’ expectations of $137.54 million. Equities analysts predict that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoPro

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of GoPro in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 acquiring an additional 12,958 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of GoPro in the 3rd quarter valued at about $28,000. Kestra Private Wealth Services LLC bought a new stake in shares of GoPro in the 3rd quarter valued at about $32,000. Finally, Scientech Research LLC bought a new stake in shares of GoPro in the 3rd quarter valued at about $36,000. Institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut GoPro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

GoPro Company Profile

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.