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Fitbit (NYSE:FIT) Valuation According To Analysts


FIT has been the subject of a number of other reports. As per Thursday, January 21, the company rating was maintained by Stifel Nicolaus. Vetr upgraded shares of Fitbit from a buy rating to a strong-buy rating and set a $6.17 price objective for the company in a report on Tuesday, August 22nd. The stock exchanged hands 5.36 Million shares versus average trading capacity of 6.92 Million shares, yielding a market cap of $1.49 Billion.

On Tuesday, August 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. Fitbit has a consensus rating of "Hold" and a consensus target price of $7.45. The correct version of this piece can be read at https://www.equitiesfocus.com/2017/10/04/jpmorgan-chase-co-has-6-44-million-stake-in-fitbit-inc-fit.html. Following the completion of the transaction, the director now directly owns 29,753 shares of the company's stock, valued at $163,046.44. Fitbit has a 52-week low of 5.62 and a 52-week high of 14.27. The company operates in the Technology sector with a market capitalization of 1.51 Million. As of today, the company has a SMA200 (200-day simple moving average) of 8.92 Percent.

Fitbit, Inc. (NYSE:FIT) has a 20-day RSI of 53.93%. The Lower end of the earnings estimate is $-0.15, while the higher end of the earnings estimate is $0.15. The business had revenue of $353.30 million for the quarter, compared to the consensus estimate of $341.24 million. 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. This works out to an increase of 39.47% compared to last year's earnings. (FIT) declined -2.1% and closed its last trading session at $6.52.

Investors wait Fitbit Inc (NYSE:FIT) to report on November, 1. its quarterly earnings Wall Street analysts expect $-0.09 earnings per share, down $0.22 or 169.23 % from last year's $0.13 same quarter earnings.

EVP, GC, & SECRETARY, Missan Andy, sold 5,000 common shares of Fitbit, Inc. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws.

Dougherty & Co reaffirmed their neutral rating on shares of Fitbit, Inc. (And Implications For Fitbit)" published on October 05, 2017 as well as Seekingalpha.com's news article titled: "Oppenheimer: "Fitbit looks to meet low Ionic expectations" with publication date: "October 03, 2017. The shares were sold at an average price of $5.73, for a total value of $2,865,000.00. Following the transaction, the executive vice president now directly owns 110,133 shares in the company, valued at $770,931. Also, Director Steven Joseph Murray sold 500,000 shares of the business's stock in a transaction dated Monday, August 7th. The disclosure for this sale can be found here. BNP Paribas Arbitrage SA now owns 446,630 shares of the scientific and technical instruments company's stock worth $2,372,000 after buying an additional 60,346 shares in the last quarter. UBS Asset Management Americas Inc. now owns 86,177 shares of the scientific and technical instruments company's stock worth $510,000 after buying an additional 4,732 shares during the period.

Several hedge funds have recently modified their holdings of FIT. Artemis Investment Management LLP increased its holdings in Fitbit by 40.2% in the second quarter. The stock appeared $15.08 above its 52-week highs and is up 1.37% for the last five trades. Kissinger Financial Services LLC acquired a new position in shares of Fitbit in the 2nd quarter valued at about $153,000.

Fitbit Inc. (FIT) now has a Return on Assets (ROA) value of -14.7 Percent. The stock was sold at an average price of $6.89, for a total value of $34,450.00. Adage Capital Partners GP L.L.C. bought a new stake in shares of Fitbit during the third quarter valued at about $7,420,000. Currently, 9.12 million total shares are owned by the public and among those 0 million shares have been available to trade.

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