GoPro (NASDAQ:GPRO) Share Price Passes Above 200 Day Moving Average – Should You Sell?

GoPro, Inc. (NASDAQ:GPRO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

GPRO has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of GoPro in a report on Wednesday, October 8th. Wall Street Zen lowered shares of GoPro from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $0.75.

GoPro Price Performance

The company has a 50 day moving average of $1.75 and a two-hundred day moving average of $1.56. The firm has a market cap of $252.21 million, a P/E ratio of -2.05 and a beta of 1.72. The company has a quick ratio of 0.72, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

Insiders Place Their Bets

In other GoPro news, VP Jason Christopher Stephen sold 26,011 shares of GoPro stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $1.52, for a total value of $39,536.72. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 18.38% of the company’s stock.

Hedge Funds Weigh In On GoPro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in GoPro by 132.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock worth $2,146,000 after purchasing an additional 1,841,983 shares in the last quarter. Nuveen LLC acquired a new stake in shares of GoPro in the first quarter worth $250,000. Ieq Capital LLC acquired a new stake in shares of GoPro in the first quarter worth $212,000. AQR Capital Management LLC lifted its stake in GoPro by 957.3% in the 1st quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock worth $2,445,000 after acquiring an additional 3,338,941 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in GoPro by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,578,385 shares of the company’s stock worth $1,046,000 after acquiring an additional 91,283 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.