GoPro, Inc. (NASDAQ:GPRO - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.77 and traded as high as $0.90. GoPro shares last traded at $0.88, with a volume of 4,782,879 shares trading hands.
Wall Street Analyst Weigh In
GPRO has been the subject of several research reports. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wedbush reiterated a "neutral" rating and set a $0.75 price target (down previously from $1.00) on shares of GoPro in a research report on Tuesday, May 13th.
Get Our Latest Report on GPRO
GoPro Stock Up 12.6%
The company has a market cap of $139.04 million, a price-to-earnings ratio of -0.98 and a beta of 1.38. The company's fifty day moving average price is $0.74 and its two-hundred day moving average price is $0.76.
Institutional Trading of GoPro
Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of GoPro by 14.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company's stock worth $1,428,000 after purchasing an additional 164,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in GoPro during the first quarter worth $50,000. Price T Rowe Associates Inc. MD raised its position in GoPro by 59.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 284,835 shares of the company's stock worth $311,000 after acquiring an additional 106,553 shares in the last quarter. MetLife Investment Management LLC raised its position in GoPro by 90.4% during 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. raised its position in GoPro by 4.1% during 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. Institutional investors own 70.09% of the company's stock.
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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