Economy

Fitbit Inc (FIT) EVP Sells $34450.00 in Stock

Fitbit, Inc. (NYSE:FIT) plunged -3.48% with the closing price of $6.66. The stock was sold at an average price of $6.89, for a total transaction of $103,350.00. Following the transaction, the executive vice president now owns 105,133 shares in the company, valued at approximately $724,366.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Dougherty & Co restated a "neutral" rating on shares of Fitbit in a research report on Wednesday. Shocker? The volume performance for the stock on the day in question is unusually low, especially when matched against average 7.06M. Finally, ValuEngine raised Fitbit from a "strong sell" rating to a "sell" rating in a research report on Friday, September 15th. Also, EVP Andy Missan sold 5,000 shares of Fitbit stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $5.68, for a total value of $28,400.00. Fitbit, Inc. has a one year low of $5.62 and a one year high of $15.05. (NYSE FIT) opened at 6.66 on Wednesday. This is the signal from the 20-day MA which is used to monitor changes in share price. The volume of FIT witnessed a shift from 9.01 million shares, based on a 50-day average, to 6.85 million shares. The company's quarterly EPS surprised Wall Street by as much as -47% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Fitbit Inc. (FIT) has a Return on Assets of -14.7 percent, Return on Investment of -10.6 percent and a Return on Equity of -23.8 percent. The business had revenue of $353.30 million for the quarter, compared to analyst estimates of $341.24 million. The company maintains price to book ratio of 0.00 vs.an industry average at 0.57.

Quarterly Revenue Growth on year-over-year basis stands at -39.8 percent. On average, analysts anticipate that Fitbit, Inc. will post ($0.31) EPS for the current year.

Several analysts have released their opinion on Fitbit, Inc.

On Wednesday, September 27th, Andy Missan sold 25,000 shares of Fitbit stock. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark laws.

Fitbit Inc. (FIT) now has a Return on Assets (ROA) value of -14.7 Percent.

Several research analysts have issued reports on the company.

For the current quarter, 16 analysts are projecting a mean EPS of $-0.04/share. Vetr upgraded Fitbit from a "sell" rating to a "hold" rating and set a $6.67 price objective for the company in a research report on Wednesday. Zacks Investment Research raised Fitbit from a "hold" rating to a "buy" rating and set a $6.50 price target for the company in a research report on Tuesday, August 8th.

In related news, Director Jon Callaghan sold 15,000 shares of Fitbit stock in a transaction dated Tuesday, August 1st. BidaskClub downgraded Fitbit from a "sell" rating to a "strong sell" rating in a research report on Tuesday, August 1st.

Fitbit Inc. (NYSE:FIT) received a Buy rating from 3 analysts.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Fitbit by 20.1% during the 2nd quarter. However the company reported $0.19 earnings per share for the same quarter during past year. Renaissance Technologies LLC boosted its holdings in shares of Fitbit by 193.6% in the 2nd quarter. However the six-month change in the insider ownership was recorded -82.72%, as well as three-month change in the institutional ownership was recorded 11.39%. The stock's beta is 1.35 whilst the stock has an average true range (ATR) of 0.94. Finally, Capital Fund Management S.A. acquired a new position in shares of Fitbit in the second quarter worth $157,000. The firm's market cap is $1.55 billion.



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