Health Care

EPS for Fitbit, Inc. (FIT) Expected At $-0.27 on May, 2

(NYSE:FIT) to report $-0.27 EPS on May, 2.They anticipate $0.02 EPS change or 8.00% from last quarter's $-0.25 EPS. Checking on recent price levels compared to prior highs and lows, we have seen that Fitbit, Inc. Fitbit posted sales of $298.94 million in the same quarter last year, which suggests a negative year-over-year growth rate of 17.7%.

For the current quarter Fitbit Inc (NYSE:FIT) has average revenue estimates of $247.08 Million, a total number of 10 analysts provided estimations over revenues. The stock is now moving above its 20-Day Simple Moving Average of 6.05% with a 50-Day Simple Moving Average of 3.71 percent.

Among 29 analysts covering Fitbit (NYSE:FIT), 5 have Buy rating, 4 Sell and 20 Hold. The scientific and technical instruments company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). Return on investment (ROI) reached to -28.90%.

The firm that has shown a visible change in the stock market trends during the recent market activities. On Tuesday, February 27 the stock has "Sell" rating by Citigroup. Finally, Wedbush reissued a "neutral" rating and issued a $6.00 target price (down from $6.50) on shares of Fitbit in a research report on Tuesday, February 27th.

Shares of Fitbit Inc (NYSE:FIT) now have an Average Brokerage Recommendation of 2.97, number of Recs in ABR is 11 while industry rank of the company by ABR is out of 265. ValuEngine cut shares of Fitbit from a "sell" rating to a "strong sell" rating in a research report on Wednesday, March 7th. In Tuesday, February 27 report Morgan Stanley maintained it with "Equal-Weight" rating and $5 target. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. Fitbit Inc (NYSE:FIT) has trailing twelve month Return on Assets of -18.4%, which is key indicator of how profitable a company is relative to its total assets.

Fitbit Inc (NYSE:FIT) has grabbed attention from the analysts, when it saw a value increase of 2.9% or 0.15 points in the last trading session to close at $5.32. The share of the trading firm has 20 days simple moving average price volume of 6.05%. The stock has a market cap of $966.08, a P/E ratio of -7.51 and a beta of 1.92. Fitbit has a 12-month low of $4.51 and a 12-month high of $7.32.

In other news, Director Jon Callaghan sold 15,000 shares of the business's stock in a transaction on Thursday, March 1st. The price-to-book ratio (P/B Ratio) is a ratio used to compare a stock's market value to its book value. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,000 shares of company stock worth $291,000.

A number of large investors have recently modified their holdings of FIT. Investors Research Corp acquired a new position in Fitbit during the 4th quarter worth approximately $101,000. On Monday, October 23 the rating was maintained by Cowen & Co with "Hold". The stock has "Outperform" rating by RBC Capital Markets on Monday, June 19. NY now owns 8,420 shares of the company's stock worth $103,000 after buying an additional 5,898 shares during the period. Allianz Asset Management GmbH boosted its holdings in Fitbit by 11.7% in the 4th quarter. Raymond James & Associates now owns 147,556 shares of the scientific and technical instruments company's stock valued at $843,000 after buying an additional 16,050 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Fitbit by 10.0% during the fourth quarter. The stock traded within a range of $5.16 and $5.34. Finally, BB&T Securities LLC purchased a new stake in shares of Fitbit during the third quarter worth about $116,000.

Stock traders can use such figures to analyze that the company shows whether the stock is at this time or not in buying and selling side. Institutional investors and hedge funds own 61.49% of the company's stock.

COPYRIGHT VIOLATION WARNING: This article was reported by Week Herald and is the sole property of of Week Herald.

Fitbit, Inc, a technology company, provides health solutions in the United States and internationally.

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