Fitbit, Inc. (NYSE:FIT) showed monthly volitility of 4.48%
01:48, Jun 3, 2017
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They now have a Dollars 5 price target on the stock. Longbow downgraded the stock to "Neutral" rating in Thursday, November 3 report. 6,423,503 shares of the stock traded hands.
Analysts await Fitbit Inc (NYSE:FIT) to report earnings on August, 1. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
A number of brokerages have recently issued reports on FIT. The stock added 1.46% beyond one week and declined -4.13% during previous one month session.
In related news, EVP Andy Missan sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 7th. The lowest 12-month price target for the shares is $5.00, which would be decrease of about -6% of its current value. Zacks Investment Research cut Fitbit from a hold rating to a sell rating in a research report on Monday, January 9th.
The Average Volume of the company is 3.23 Million, while the Volume of the company in the last trading session was 4.65 Billion. The stock presently has a consensus rating of "Hold" and an average target price of $10.21. Artemis Investment Management LLP purchased a new position in shares of Fitbit during the fourth quarter worth $7,725,000. 8 analysts on average projected earnings of $-0.01 per share for the current quarter.
Fitbit Inc (NYSE:FIT)'s revenue estimates for the current quarter are $341750 according to 16 number of analysts, for the current quarter the company has high revenue estimates of $364900 in contradiction of low revenue estimates of $331740. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the transaction, the executive vice president now owns 105,000 shares in the company, valued at approximately $620,550. Deutsche Bank had a markedly different take on 08/12/2016, proposing that Fitbit, Inc.is now considered Hold versus prior Buy rating.
Among 26 analysts covering Fitbit (NYSE:FIT), 3 have Buy rating, 3 Sell and 20 Hold. The company had revenue of $298.94 million during the quarter, compared to analysts' expectations of $277.48 million. Fitbit had a net margin of 4.67% and a return on equity of 11.94%. On average, equities research analysts predict that Fitbit will post ($0.35) earnings per share for the current year. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & worldwide copyright and trademark laws. Also, Director Steven Joseph Murray sold 500,000 shares of the firm's stock in a transaction that occurred on Friday, May 26th. The legal version of this report can be viewed at https://www.thestockobserver.com/2017/06/01/firsthand-capital-management-inc-maintains-stake-in-fitbit-inc-fit.html.
Currently Fitbit Inc (NYSE:FIT)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 57.9%. GSA Capital Partners LLP acquired a new position in shares of Fitbit during the fourth quarter valued at $400,000. (FIT). These ratios are important while doing valuation of the company or the shares of the company. The disclosure for this sale can be found here. Allianz Asset Management AG acquired a new position in shares of Fitbit during the fourth quarter worth about $146,000. The company was downgraded on Thursday, November 3 by Piper Jaffray. Shares of Fitbit, Inc. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.
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