tiptrot.com
tiptrot.com July 17, 2018


Dougherty & Co Reiterates "Neutral" Rating for Fitbit, Inc. (FIT)

09 October 2017, 12:10 | Cedric Leonard

Deutsche Bank AG reduced their price target on Fitbit from $6.50 to $5.50 and set a hold rating on the stock in a research report on Thursday, August 3rd.

Several equities research analysts recently issued reports on FIT shares.

The stock's 50 day moving average is 6.55 and its 200 day moving average is 6.55. The mean target price as estimated by the analysts for the company has been recorded at $6.71. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $6.00 price target on shares of Fitbit in a research note on Thursday, September 14th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The company has an average rating of "Hold" and a consensus price target of $10.21.

The share price of Fitbit (NYSE:FIT) was up +0.77% during the last trading session, with a day high of 6.57. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The analysts estimated mean EPS at -0.01 while the high and low EPS estimate stand at 1.07 and -0.18 respectively. The company's market cap is $1.54 Billion.

Fitbit, Inc. (FIT) has earnings decline of -162.30% yoy. The scientific and technical instruments company reported ($0.08) EPS for the quarter, topping the Zacks' consensus estimate of ($0.15) by $0.07. The firm had revenue of $353.30 million for the quarter, compared to analyst estimates of $341.24 million. The business's revenue was down 39.8% on a year-over-year basis. The overall volume in the last trading session was 9.01 million shares.


COPYRIGHT VIOLATION WARNING: This story was first reported by Week Herald and is the property of of Week Herald. If you are reading this article on another publication, it was illegally stolen and republished in violation of USA & worldwide copyright & trademark legislation.

06/06/2017 - Fitbit had its "sell" rating reiterated by analysts at Citigroup.

Fitbit Inc. (FIT)'s RSI (Relative strength index) is at 52.54, its ATR (Average True Range) value is 0.28, while its Beta factor was calculated at 0. Following the sale, the executive vice president now directly owns 80,332 shares in the company, valued at $456,285.76. (NYSE:FIT) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The stock grabbed 33 new institutional investments totaling 9,022,115 shares while 48 institutional investors sold out their entire positions totaling 6,269,589 shares. The stock was sold at an average price of $5.73, for a total transaction of $2,865,000.00. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall-even when nothing about the company's prospects or fundamentals has recently changed. The disclosure for this purchase can be found here. AMP Capital Investors Ltd now owns 355,030 shares of the scientific and technical instruments company's stock valued at $5,262,000 after buying an additional 11,115 shares during the last quarter.

Multiple company employees have indulged in significant insider trading. DnB Asset Management AS increased its stake in Fitbit by 57.8% in the second quarter. State Street Corp now owns 3,330,776 shares of the scientific and technical instruments company's stock valued at $17,686,000 after purchasing an additional 1,348,058 shares during the period.

Fitbit, Inc is a provider of health and fitness devices. Swiss National Bank now owns 238,200 shares of the scientific and technical instruments company's stock valued at $1,410,000 after purchasing an additional 22,300 shares during the period. Has $6.44 Million Stake in Fitbit, Inc. Over the last quarter, insiders sold 585,000 shares of company stock worth $3,400,600. A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. Finally, Northern Trust Corp raised its position in shares of Fitbit by 191.8% 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. Hedge funds and other institutional investors own 56.04% of the company's stock.



Other News

loading...
loading...

Trending Now

Equifax CEO Smith Out
The company said that it will now begin looking for a permanent replacement CEO - searching both internally and externally. Equifax confirmed that Smith is scheduled to face congressional committee investigators early next month.

Bombardier ruling a "hammer blow" for workers in the North
Boeing has argued that the military sale to the Canadian government and its petition against Bombardier are not linked. Shares in Alstom surged about 5% in early trading while Siemens shares added 2%.

Arsene Wenger Beat An Impressive Sir Alex Ferguson Record, Yesterday
He got just 19 minutes of action, replacing Alex Iwobi with the job done at The Emirates. What you want from him is final balls and goals as well.

President Trump bashes mayor of San Juan for 'poor leadership ability'
FEMA said this week that Puerto Rico has received 4.4 million meal kits, 6.5 million liters of water. "This is a 'people are dying" story.

South Korea: Taking military helm will scare the North
President Donald Trump exchanged war-like threats and insults over the North's nuclear and missile development program. Tension on the Korean peninsula has risen in recent weeks as North Korea's leader Kim Jong Un and U.S.

US Presidents Cup team says anthem not the right time to protest
Daniel Berger: "He's the greatest player of all time, so when he talks, you listen". "That would be huge. Woods ended his comments with a sobering admission that his playing days may, in fact, be behind him.

Influenza immunizations shows your commitment to protect others' health
Second, take measures to prevent the spread of the disease. "It will be severe and there will always be a flu season". As many as 166 million doses of injectable flu vaccines will be available this season.

Sonic the Hedgehog Movie Rights Picked up by Paramount
It looks like Paramount Pictures is moving forward with a live-action Sonic the Hedgehog film. The character's first title Sonic the Hedgehog was released in 1991 for the Sega Genesis.

Google to use balloons to provide Puerto Rico mobile phone service
It also took the step of creating its Hurricane Recovery Task Force that will work on restoring services to the islands. It partners with local telecommunications companies to transmit high-speed internet from high-altitude balloons.

Former Prime Minister of Thailand was sentenced to five years for corruption
The Supreme Court said Yingluck Shinawatra was knowing of the falsified rice deals but did nothing to stop it. The ruling had initially been scheduled for August 25 but was postponed after Yingluck failed to attend.