GoPro (NASDAQ:GPRO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of GoPro, Inc. (NASDAQ:GPRO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.56 and traded as high as $1.5950. GoPro shares last traded at $1.5790, with a volume of 684,247 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on GPRO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GoPro in a research note on Wednesday, October 8th. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $0.75.

GoPro Trading Up 1.3%

The business has a 50 day moving average of $1.74 and a two-hundred day moving average of $1.56. The firm has a market capitalization of $253.97 million, a price-to-earnings ratio of -2.06 and a beta of 1.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.95.

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

Insider Transactions at GoPro

In other GoPro news, VP Jason Christopher Stephen sold 26,011 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $1.52, for a total transaction of $39,536.72. Following the completion of the sale, the vice president owned 143,714 shares in the company, valued at approximately $218,445.28. The trade was a 15.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 18.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GPRO. Caitong International Asset Management Co. Ltd increased its position in shares of GoPro by 1,295,800.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock worth $27,000 after acquiring an additional 12,958 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in GoPro by 59.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company’s stock worth $4,456,000 after purchasing an additional 781,426 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of GoPro in the third quarter worth approximately $32,000. Sender Co & Partners Inc. purchased a new stake in shares of GoPro in the third quarter worth approximately $55,000. Finally, Victory Financial Group LLC bought a new position in shares of GoPro in the third quarter valued at approximately $61,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.