GoPro, Inc. (NASDAQ:GPRO - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.82 and traded as high as $0.93. GoPro shares last traded at $0.91, with a volume of 8,719,573 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on GPRO. Wall Street Zen upgraded shares of 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 from $1.00) on shares of GoPro in a research report on Tuesday, May 13th.
Get Our Latest Report on GoPro
GoPro Stock Down 0.8%
The company has a market capitalization of $134.34 million, a PE ratio of -0.95 and a beta of 1.35. The firm's 50 day simple moving average is $0.66 and its 200 day simple moving average is $0.81.
Institutional Investors Weigh In On GoPro
Several hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in GoPro by 153.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock valued at $26,000 after acquiring an additional 14,485 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in shares of 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 purchasing an additional 12,172 shares during the last quarter. MetLife Investment Management LLC increased its stake in 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 buying an additional 17,158 shares during the period. Squarepoint Ops LLC purchased a new position in GoPro in the 4th quarter worth about $42,000. Finally, Two Sigma Securities LLC lifted its holdings in GoPro by 139.4% during the 4th quarter. Two Sigma Securities LLC now owns 44,283 shares of the company's stock valued at $48,000 after buying an additional 25,788 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.
About GoPro
(
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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