Shares of Fitbit (FIT) traded up 0.77% during trading on Wednesday, reaching $6.51. (And Implications For Fitbit)" with publication date: "October 05, 2017. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 12,808,192 shares of the stock are valued at $88.38 million. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Fitbit had its "outperform" rating reiterated by analysts at Oppenheimer. They now have a Dollars 5.5 price target on the stock. The disclosure for this purchase can be found here. The stock volatility for the week was 3.99% while for the month was 4.60%.
A number of other research firms have also issued reports on FIT. The stock is now moving below its 20-Day Simple Moving Average of -0.02% with a 50-Day Simple Moving Average of 9.51 percent. The stock of Fitbit Inc (NYSE:FIT) has "Buy" rating given on Thursday, March 31 by Longbow.
09/13/2017 - Fitbit had its "hold" rating reiterated by analysts at Stifel Nicolaus.
Fitbit, Inc. has a 1-year low of $5.62 and a 1-year high of $15.05. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90, which implies that analysts are generally neutral in their outlook for FIT over the next year. This short time frame picture represents a downward movement of current price over average price of last 20 days. The stock's market capitalization is $1.55 billion. As of today, the company has a SMA200 (200-day simple moving average) of 8.92 Percent.
Fitbit (NYSE:FIT) last posted its earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Net profit margin of the company was recorded at -13.8 percent, operating profit margin was -17.1 percent, while gross profit margin stands at 36.7 percent. The company had revenue of $298.94 million for the quarter, compared to analyst estimates of $277.48 million.
Quarterly Revenue Growth on year-over-year basis stands at -39.8 percent.
Fitbit, Inc. most recently reported earnings per share (EPS) of -$0.08 for the June 2017 versus $0.12 in the same quarter a year ago, representing -167% growth.
A number of hedge funds and other institutional investors have recently modified their holdings of FIT. Amalgamated Bank lifted its holdings in shares of Fitbit by 20.1% in the 2nd quarter. The institutional investor owned 648,542 shares of the scientific and technical instruments company's stock after selling 5,328 shares during the period. State Street Corp raised its position in shares of Fitbit by 68.0% in the second quarter. Bank of New York Mellon Corp now owns 632,493 shares of the scientific and technical instruments company's stock worth $3,744,000 after buying an additional 35,558 shares during the period. The firm owned 1,212,507 shares of the scientific and technical instruments company's stock after buying an additional 167,821 shares during the quarter. Artemis Investment Management LLP now owns 2,535,000 shares of the scientific and technical instruments company's stock worth $13,447,000 after acquiring an additional 727,000 shares during the period. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well. Finally, Parametric Portfolio Associates LLC increased its position in Fitbit by 88.6% in the first quarter. The firm now has a $8.00 price target on the scientific and technical instruments company's stock. UBS Oconnor LLC boosted its position in shares of Fitbit by 8.8% in the third quarter. "(FIT) Director Jon Callaghan Sells 15,000 Shares of Stock" was published by Marea Informative and is the property of of Marea Informative.
Eric Branderiz, an officer at ( TSLA ), sold 99 shares at a price of 350.12 to bring his total ownership in the stock to 0 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
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