GoPro (NASDAQ:GPRO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

GoPro, Inc. (NASDAQ:GPRO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.56 and traded as high as $1.5950. GoPro shares last traded at $1.5790, with a volume of 684,247 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GPRO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GoPro in a research report on Wednesday, October 8th. Wall Street Zen cut shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Sell” and an average price target of $0.75.

GoPro Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.72. The stock has a market capitalization of $252.21 million, a price-to-earnings ratio of -2.05 and a beta of 1.72. The stock’s 50 day simple moving average is $1.75 and its 200-day simple moving average is $1.56.

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 the consensus estimate of $211.18 million. GoPro had a negative net margin of 18.68% and a negative return on equity of 71.67%. GoPro has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, analysts expect 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 dated Tuesday, November 18th. The stock was sold at an average price of $1.52, for a total transaction of $39,536.72. Following the completion of the sale, the vice president owned 143,714 shares in the company, valued at approximately $218,445.28. This represents a 15.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 18.38% of the company’s stock.

Institutional Investors Weigh In On GoPro

A number of large investors have recently added to or reduced their stakes in GPRO. Jefferies Financial Group Inc. acquired a new position in GoPro during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of GoPro by 1,295,800.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock worth $27,000 after purchasing an additional 12,958 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in shares of GoPro during the third quarter valued at about $28,000. Kestra Private Wealth Services LLC bought a new stake in shares of GoPro in the third quarter valued at about $32,000. Finally, Scientech Research LLC bought a new stake in shares of GoPro in the third quarter valued at about $36,000. Institutional investors own 70.09% of the company’s stock.

About GoPro

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.