GoPro, Inc. (NASDAQ:GPRO - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.83 and traded as high as $1.78. GoPro shares last traded at $1.70, with a volume of 9,716,954 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on GPRO shares. Wall Street Zen downgraded GoPro from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Wedbush reiterated a "neutral" rating and issued a $0.75 target price (down from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of GoPro in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $0.75.
Get Our Latest Stock Analysis on GPRO
GoPro Stock Down 6.0%
The company has a market cap of $246.77 million, a PE ratio of -2.26 and a beta of 1.51. The company has a 50-day moving average of $1.14 and a 200-day moving average of $0.84.
Insider Activity
In related news, EVP Brian Mcgee sold 150,043 shares of GoPro stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.24, for a total transaction of $186,053.32. Following the sale, the executive vice president directly owned 779,974 shares in the company, valued at approximately $967,167.76. This trade represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.38% of the stock is currently owned by insiders.
Institutional Trading of GoPro
A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP raised its stake in shares of GoPro by 99.5% in the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company's stock valued at $1,142,000 after buying an additional 859,677 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in GoPro during the first quarter worth about $50,000. Charles Schwab Investment Management Inc. grew its position in GoPro by 132.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company's stock worth $2,146,000 after buying an additional 1,841,983 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of GoPro by 59.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 284,835 shares of the company's stock worth $311,000 after purchasing an additional 106,553 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of GoPro by 90.4% in the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock worth $39,000 after purchasing an additional 17,158 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.
GoPro Company Profile
(
Get Free Report)
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.
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