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

GoPro, Inc. (NASDAQ:GPRO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPRO. Wall Street Zen upgraded GoPro from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wedbush restated a "neutral" rating and set a $0.75 price objective (down previously from $1.00) on shares of GoPro in a research report on Tuesday, May 13th.

GoPro Price Performance

The stock has a market cap of $125.88 million, a PE ratio of -0.89 and a beta of 1.38. The stock has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management grew its position in GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock worth $30,000 after acquiring an additional 12,172 shares in the last quarter. Tower Research Capital LLC TRC grew its position in GoPro by 153.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock worth $26,000 after acquiring an additional 14,485 shares in the last quarter. Wells Fargo & Company MN grew its position in GoPro by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock worth $81,000 after acquiring an additional 15,255 shares in the last quarter. MetLife Investment Management LLC grew its position in GoPro by 90.4% in the fourth quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock worth $39,000 after acquiring an additional 17,158 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in GoPro by 4.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company's stock worth $562,000 after acquiring an additional 20,141 shares in the last quarter. Hedge funds and other 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.