Fitbit, Inc. (NYSE:FIT) showed monthly volitility of 4.48%

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.


Popular
  • PPG Ends AkzoNobel Takeover Bid

    PPG Ends AkzoNobel Takeover Bid

    USA paints firm PPG has dropped a proposal to buy the Dulux-owner AkzoNobel after the Dutch firm spurned several informal offers. Akzo Nobel has held firm to its alternative plan to break into two companies focused on chemicals and coatings.

    It's On! Comey to Testify June 8 Before the Senate Intelligence Committee

    But Trump himself has repeatedly said that the Russian Federation probe was on his mind when he removed Comey. Mueller was chosen to lead the department's investigation on May 17 amid concern of political interference.
    Ontario to increase minimum wage to $15

    Ontario to increase minimum wage to $15

    More than a quarter of Ontario workers would receive a pay hike through the proposed increase to the minimum wage. Murray made recommendations on improving work conditions in Ontario .
  • Penguins beat Predators 4-1, take 2-0 lead

    Penguins beat Predators 4-1, take 2-0 lead

    The Nashville Predators came out flying in the first period, and it looked like Nashville would take game-one over Pittsburgh . Though face-offs haven't been a strength for the Penguins all season, they'll be looking to improve that mark in Game 3.
    Goldman under fire for buying Venezuela

    Goldman under fire for buying Venezuela "hunger bonds"

    According to Reuters , Goldman Sachs acquired the bonds from New York-based investment firm Dinosaur Financial Group. The investment bank stressed that it's not alone in investing in the country.

    Trump finds it's six against one on climate change

    President Donald Trump says he'll make a final decision on whether the USA will stay in the Paris climate agreement next week. Trump has repeatedly called global warming a hoax, while he pledged on the campaign trail to cancel the Paris "bad deal".
  • Bombing in diplomatic area of Kabul kills 80, wounds scores

    The powerful explosion rocked the neighbourhood, which is considered the city's safest, during the peak of morning rush hour. There are about 8,400 USA troops in Afghanistan - a majority of them are involved in training and advising Afghan troops.
    US President promises not to forget Papal message

    US President promises not to forget Papal message

    Despite her husband being inaugurated U.S. president in January, she is not due to move into the White House until the summer. They then posed for photographs and then sat down at the papal desk, the pope unsmiling, as their private meeting began.
    Trump embraces Israel, but Russian ties still trail him

    Trump embraces Israel, but Russian ties still trail him

    Embassy in Israel from Tel Aviv to Jerusalem , bending to the same security risks as other presidents who have made that promise. The warming ties between Israel and US-aligned Arab regimes has come at the expense of solidarity with Palestinians.
  • "It's very fragile:" Green negotiating team opens up on deal with NDP

    The Greens pressured the soon-to-be government on the exact terms of their commitment to send the project for review, Weaver said. With no party holding a clear balance of power, the question becomes who the Green Party will throw its support behind.

    British police arrest 14th man in Manchester bombing inquiry

    The country remains on high alert, however, as officials caution that some suspects who helped Abedi may still be at large. Great Manchester Police said a 23-year-old man was arrested Monday in Shoreham-by-Sea on suspicion of terrorism offenses.
    Survivors tell of horror during Egypt bus attack

    Survivors tell of horror during Egypt bus attack

    The east Libyan air force said Friday the strikes were targeting al-Qaeda linked forces and did not mention Islamic State. The targeted enclave presumably had hosted the perpetrators of the Minya terror attack against Christians in Egypt .

CONNECT