GoPro (NASDAQ:GPRO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

GoPro, Inc. (NASDAQ:GPRO)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Ratings Changes

Several equities analysts have recently commented on GPRO shares. Wedbush restated 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. Wall Street Zen raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

GoPro Price Performance

The firm has a market cap of $143.02 million, a price-to-earnings ratio of -1.01 and a beta of 1.35. The firm’s fifty day moving average is $0.65 and its two-hundred day moving average is $0.82.

Institutional Investors Weigh In On GoPro

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in GoPro by 957.3% in the 1st quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock valued at $2,445,000 after acquiring an additional 3,338,941 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in GoPro by 132.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock valued at $2,146,000 after acquiring an additional 1,841,983 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in GoPro by 99.5% in the 1st quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company’s stock valued at $1,142,000 after acquiring an additional 859,677 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in GoPro by 110.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after acquiring an additional 379,500 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in GoPro in the 1st quarter valued at about $250,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

About GoPro

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.