Science

Analysts Opinions on: Fitbit Inc. (FIT)

Fitbit Inc (NYSE:FIT)'s revenue estimates for the current quarter are $589.03 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $598 Million in contradiction of low revenue estimates of $583.3 Million. While talking about Performance of the Stock, Fitbit Inc. now has a Weekly performance of 8%, monthly performance percentage is 6.75 percent, Quarterly performance is 18.03 percent, 6 months performance shows a percent value of 18.03% and Yearly Performance is -25.43 percent. Stifel Nicolaus' target price would indicate a potential downside of 7.41% from the stock's current price. The most recent bid on the stock was registered at $42.21. Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and set a $8.00 target price on shares of Fitbit in a report on Tuesday, August 29th. ValuEngine raised Fitbit from a "strong sell" rating to a "sell" rating in a report on Tuesday, August 1st. The stock traded within a range of $6.23 and $6.40. Finally, Morgan Stanley lifted their price objective on shares of Fitbit from $6.50 to $7.00 and gave the company an "equal weight" rating in a research note on Friday, October 20th. While, the analyst predicted that the company could provide an EPS of $-0.03/share.

Fitbit, Inc. (FIT) closed its day with gain 1.73% and ended at the price of $6.48. The stock had a trading volume of 5,020,323 shares, compared to its average volume of 7,763,645. The company rocked its 52-Week High of $9.05 and touched its 52-Week Low of $4.9. DNB ASSET MANAGEMENT AS owned 0.82% of Fitbit, Inc. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03.

Fitbit Inc. (NYSE) now has a Weekly Volatility of 3.73% percent while its Monthly Volatility is at 3.28% percent. Fitbit had a negative return on equity of 28.33% and a negative net margin of 23.35%. Fitbit's revenue was down 22.1% on a year-over-year basis. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of U.S. & global copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/21/fitbit-inc-fit-earns-hold-rating-from-stifel-nicolaus.html. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The shares were sold at an average price of $6.09, for a total transaction of $5,886,843.69. The firm owned 15,623,897 shares of the company's stock after buying an additional 772,604 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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Investors may also want to take a longer-term look at company shares. The shares were sold at an average price of $7.00, for a total value of $175,000.00. The disclosure for this sale can be found here.

The Stock had a 2.71 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.86 and 2.86 respectively. After a recent check, the stock's first resistance level is $42.59. Following the completion of the transaction, the executive vice president now directly owns 110,133 shares in the company, valued at approximately $770,931.

For the Current Quarter, the growth estimate for Fitbit Inc.is 98.2%, while for the Next Quarter the stock growth estimate is 46.7%. FIT stock is a part of Scientific & Technical Instruments industry and belongs to Technology sector.



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