GoPro (NASDAQ:GPRO) Stock Crosses Above 200 Day Moving Average - Time to Sell?

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.78 and traded as high as $0.79. GoPro shares last traded at $0.79, with a volume of 3,475,303 shares trading hands.

Wall Street Analyst Weigh In

GPRO has been the subject of several recent research reports. Wedbush restated a "neutral" rating and issued a $0.75 price target (down from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

GoPro Price Performance

The firm has a market capitalization of $123.50 million, a price-to-earnings ratio of -0.87 and a beta of 1.38. The business's fifty day simple moving average is $0.71 and its 200 day simple moving average is $0.78.

Institutional Trading of GoPro

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in GoPro by 14.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company's stock worth $1,428,000 after buying an additional 164,600 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $311,000 after purchasing an additional 106,553 shares in the last quarter. MetLife Investment Management LLC raised its holdings in GoPro by 90.4% during the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock valued at $39,000 after buying an additional 17,158 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in GoPro by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company's stock valued at $562,000 after buying an additional 20,141 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in GoPro by 19.5% during the 4th quarter. Bank of America Corp DE now owns 346,917 shares of the company's stock valued at $378,000 after buying an additional 56,586 shares during the last quarter. 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.