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

GoPro, Inc. (NASDAQ:GPRO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.49 and traded as high as $1.91. GoPro shares last traded at $1.87, with a volume of 3,190,587 shares.

Analysts Set New Price Targets

Several brokerages recently commented on GPRO. Morgan Stanley reiterated an “underweight” rating on shares of GoPro in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of GoPro in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $0.75.

GoPro Stock Down 0.5%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.95. The company has a fifty day simple moving average of $1.88 and a two-hundred day simple moving average of $1.49. The firm has a market capitalization of $298.69 million, a PE ratio of -2.43 and a beta of 1.72.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). GoPro had a negative net margin of 18.68% and a negative return on equity of 71.67%. The firm had revenue of $162.92 million for the quarter, compared to analysts’ expectations of $211.18 million. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. Analysts forecast that GoPro, Inc. will post -0.25 EPS for the current fiscal year.

Insider Activity

In other news, VP Jason Christopher Stephen sold 26,011 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $1.52, for a total value of $39,536.72. Following the completion of the sale, the vice president owned 143,714 shares of the company’s stock, valued at approximately $218,445.28. This represents a 15.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William George Brumder sold 12,000 shares of GoPro stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $2.49, for a total transaction of $29,880.00. Following the transaction, the insider directly owned 10,838,000 shares in the company, valued at approximately $26,986,620. The trade was a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,590 shares of company stock valued at $76,606. Company insiders own 18.38% of the company’s stock.

Hedge Funds Weigh In On GoPro

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of GoPro by 957.3% during the 1st quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company’s stock valued at $2,445,000 after purchasing an additional 3,338,941 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in GoPro by 132.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock worth $2,146,000 after buying an additional 1,841,983 shares during the last quarter. UBS Group AG increased its position in GoPro by 567.4% during the 3rd quarter. UBS Group AG now owns 1,407,615 shares of the company’s stock valued at $2,984,000 after buying an additional 1,196,689 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in GoPro by 59.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company’s stock valued at $4,456,000 after buying an additional 781,426 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in GoPro in the second quarter valued at about $474,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

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.