Economy

Fitbit, Inc. (NYSE:FIT) EVP Sells $29550.00 in Stock

Looking at the other side of the coin, FIT traded as low as $5.62 in the past 52 weeks, and since then the shares have risen 11.92% or $0.67. In the most recent quarter, institutional ownership increased by a net of 22.87 million shares, or 18.71%. Stifel Nicolaus reaffirmed a "hold" rating and set a $6.00 price target on shares of Fitbit in a report on Thursday, September 14th. Oppenheimer Holdings, Inc. restated an "outperform" rating and issued a $8.00 target price on shares of Fitbit in a research note on Monday, June 26th. Finally, Mizuho reduced their price objective on Fitbit from $9.00 to $6.50 and set a "neutral" rating for the company in a research note on Monday, January 30th. Three months ago, analysts assigned FIT a 3.13 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year. On Tuesday, August 29 the stock rating was maintained by Deutsche Bank with "Hold". (NYSE:FIT) expressed a change of 1.03% and is now trading at $6.36.

The company surged 0.32% and closed its last trading session at $6.27. Fitbit Inc (NYSE:FIT) has declined 60.69% since September 22, 2016 and is downtrending. The stock hit its twelve month high on 09/23/16, and twelve month low on 06/22/17. Fitbit Inc (NYSE:FIT) has a market cap of $1.53 Billion and the number of outstanding shares have been calculated 243.19 Million.

Fitbit (NYSE:FIT) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported ($0.08) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.15) by $0.07.

13 number of analysts have estimated the sales of the company for the quarter ending Oct 31, 2017- Nov 6, 2017, analysts estimated mean sale target of 579.73 million while high and low sale targets are estimated at 650.33 million and 503.5 million respectively. The company's revenue was down 39.8% compared to the same quarter previous year. During the same period in the prior year, the business posted $0.12 earnings per share. On average, analysts forecast that Fitbit will post ($0.31) earnings per share for the current fiscal year. Fitbit Inc (NYSE:FIT)'s price to free cash flow for trailing twelve months is 0. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law. The original version of this piece of content can be accessed at https://www.truebluetribune.com/2017/09/22/fitbit-inc-fit-rating-reiterated-by-robert-w-baird.html. Also, EVP Andy Missan sold 5,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $5.31, for a total value of $79,650.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. A total of 4.92 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 7.14 Million shares, while its relative volume stands at 0.69. Quantbot Technologies LP now owns 93,661 shares of the scientific and technical instruments company's stock valued at $554,000 after buying an additional 25,256 shares during the period. Company insiders own 29.10% of the company's stock. Quantbot Technologies LP boosted its position in Fitbit by 36.9% during the 1st quarter. BNP Paribas Arbitrage SA boosted its position in Fitbit by 15.6% during the 2nd quarter. During last 3 month period, 10.81% of total institutional ownership has changed in the company shares. Oppenheimer & Co. Inc. now owns 40,063 shares of the scientific and technical instruments company's stock valued at $213,000 after purchasing an additional 4,150 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Fitbit during the 2nd quarter worth about $114,000. Raymond James Financial Services Advisors Inc. now owns 33,666 shares of the scientific and technical instruments company's stock valued at $199,000 after purchasing an additional 4,271 shares during the last quarter. Finally, Croft Leominster Inc. acquired a new position in shares of Fitbit in the 1st quarter worth approximately $166,000. UBS Asset Management Americas Inc. now owns 86,177 shares of the scientific and technical instruments company's stock valued at $510,000 after purchasing an additional 4,732 shares during the last quarter.



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