Shares of GoPro, Inc. (NASDAQ:GPRO - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on GPRO. Wedbush reaffirmed a "neutral" rating and issued a $0.75 price target (down from $1.00) on shares of GoPro in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Stock Analysis on GPRO
GoPro Stock Performance
The business's 50-day moving average is $0.74 and its two-hundred day moving average is $0.76. The firm has a market capitalization of $215.84 million, a price-to-earnings ratio of -1.52 and a beta of 1.38.
Hedge Funds Weigh In On GoPro
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of 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 during the period. Wells Fargo & Company MN increased its position in shares of GoPro by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock worth $81,000 after buying an additional 15,255 shares during the period. MetLife Investment Management LLC increased its position in shares of 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 buying an additional 17,158 shares during the period. Bank of New York Mellon Corp raised its stake in GoPro by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 376,700 shares of the company's stock worth $250,000 after buying an additional 20,575 shares during the last quarter. Finally, Two Sigma Securities LLC lifted its holdings in GoPro by 139.4% in the fourth 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 during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.
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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