Economy

Fitbit, Inc. (NYSE:FIT) Short Interest Up 19.1% in June

Peregrine Asset Advisers Inc. holds 4.11% of its portfolio in Johnson Controls International plc Ordinary Share for 167,883 shares. Stifel Nicolaus fixed a $6.00 price objective on Fitbit and issued the shares a "hold" recommendation in a analysis report on Wednesday. crowd sourced stock rating company Vetr boosted Fitbit from a "buy" recommendation to a "strong-buy" recommendation and fixed a $5.79 PT for the company in a study report on early Wednesday. AlpInvest Partners B.V. now owns 617,547 shares of the scientific and technical instruments company's stock valued at $3,656,000 after buying an additional 424,942 shares during the last quarter.

Shares of Fitbit Inc (NYSE:FIT) now have an Average Brokerage Recommendation of 2.86, number of Recs in ABR is 14 while industry rank of the company by ABR is out of 265. Zacks Investment Research downgraded shares of Fitbit from a "buy" rating to a "hold" rating in a research report on Tuesday, May 9th. Lastly, Cowen and Company fixed a $6.00 target price on Fitbit and issued the shares a "hold" recommendation in a analysis note on Thurs. They set a "buy" rating and a $10.00 price objective on the stock. The stock of Fitbit Inc (NYSE:FIT) has "Neutral" rating given on Thursday, August 6 by Dougherty & Company. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

Let's talk about the gap between analyst price targets for the next 12 months and Fitbit, Inc. Fitbit Inc (NYSE:FIT) has declined 60.69% since August 4, 2016 and is downtrending. The stock had a trading volume of 24,455,997 shares. Stock's twelve month price oscillated between $17.18 and $4.90. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

The company's quick ratio for most recent quarter is 1.9 along with current ratio for most recent quarter of 2.3.

Stocks of Fitbit (NYSE:FIT) transacted up 15.19% throughout intraday market trading on early Tue, reaching $5.84. The firm's revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS.

Maximum and minimum EPS estimate for the current quarter is projected at $0.05 and $-0.15, respectively, according to 16 analysts.

Relative strength index (RSI-14) for Fitbit Inc. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright laws. The correct version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/04/fitbit-inc-nysefit-upgraded-to-strong-buy-by-vetr-inc.html.

In other news, Director Jon Callaghan sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 1st. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $5.57, for a total transaction of $55,700.00. Following the completion of the acquisition, the director now directly owns 36,442 shares of the company's stock, valued at $196,422.38. The disclosure for this purchase can be found here. Insiders sold a total of 540,000 shares of company stock worth $2,876,700 over the last quarter.

Multiple company employees have indulged in significant insider trading.

Several hedge funds and other institutional investors have recently bought and sold shares of FIT. AlpInvest Partners B.V. boosted its stake in shares of Fitbit by 220.6% in the first quarter.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Amerigo Asset Management bought a new position in Fitbit during the first quarter worth $13,983,000. State Street Corp raised its stake in shares of Fitbit by 14.0% in the fourth quarter.

Quite a few institutional investors have adjusted their holdings of The corporation. The Business'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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