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

GoPro, Inc. (NASDAQ:GPRO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.53 and traded as high as $1.5758. GoPro shares last traded at $1.52, with a volume of 2,478,776 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GPRO. Weiss Ratings reiterated a “sell (d-)” rating on shares of GoPro in a report on Wednesday, October 8th. Wall Street Zen cut GoPro from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus target price of $0.75.

GoPro Stock Down 1.9%

The firm has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.53. The company has a quick ratio of 0.72, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $242.79 million, a PE ratio of -1.97 and a beta of 1.72.

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

Insider Transactions at GoPro

In related news, 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 value of $29,880.00. Following the completion of the sale, the insider owned 10,838,000 shares in the company, valued at approximately $26,986,620. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Christopher Stephen sold 26,011 shares of the business’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 directly owned 143,714 shares in the company, valued at approximately $218,445.28. The trade was a 15.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 42,590 shares of company stock valued at $76,606. Company insiders own 18.38% of the company’s stock.

Institutional Investors Weigh In On GoPro

Several institutional investors and hedge funds have recently modified their holdings of GPRO. Captrust Financial Advisors boosted its holdings in GoPro by 89.6% during the 2nd quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after acquiring an additional 15,618 shares during the period. Jump Financial LLC acquired a new stake in shares of GoPro during the second quarter worth about $25,000. Jefferies Financial Group Inc. purchased a new position in shares of GoPro in the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of GoPro by 1,295,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after purchasing an additional 12,958 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in GoPro during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors 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.