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.

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.



Like this

loading...
loading...

Latest


23 November 2017
British Board for Film Certification clears Padmavati for Dec 1 release
Pal Amu said he would pay 100 million rupees ($1.536 million, €1,304 million) to whomever "beheaded" both Padukone and Bhansali. BJP legislator from Goshamahal, Raja Singh, has threatened to burn down theatres if Padmavati is released in Telangana.

23 November 2017
Traders Purchase Large Volume of McCormick & Company, Call Options (MKC)
BNP Paribas Arbitrage SA owned about 0.11% of McCormick & Company, worth $14,752,000 at the end of the most recent quarter. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned "Hold" rating by Stifel Nicolaus on Thursday, August 31.

23 November 2017
Anushka Sharma, Sakshi Dhoni are childhood friends!
There have been numerous occasions when "Virushka" (as Anushka and Virat are popularly known as) gave up major relationship goals. While giving interview to an online portal, the actress revealed that for some time she and Sakshi studied in the same school.

23 November 2017
Which Insiders Are Selling Huntsman Corporation (HUN)?
This represents a $0.50 annualized dividend and a dividend yield of 1.62%. 79 funds opened positions while 182 raised stakes. Finally, Sterling Capital Management LLC lifted its stake in shares of Huntsman Corporation by 90.7% during the 2nd quarter.

23 November 2017
Analyst Research Roundup: Kosmos Energy Ltd. (KOS), DCP Midstream, LP (DCP)
Currently Kosmos Energy Ltd (NYSE: KOS)'s shares owned by insiders are 0.9%, whereas shares owned by institutional owners are 0%. It dived, as 39 investors sold MSFT shares while 982 reduced holdings. 15 funds opened positions while 61 raised stakes.

23 November 2017
Is COSCO SHIPPING International (Hong Kong) Co., Ltd. (SEHK:517) Undervalued?
The Free Cash Flow Yield 5 Year Average of COSCO SHIPPING International (Hong Kong) Co., Ltd. (SEHK:517) is 449431.000000. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement.

23 November 2017
Marcelo Bielsa provisionally suspended by Lille as head coach
Bielsa's previous spell in Ligue 1 ended after just one match in charge of Marseille in 2014 after leaving the role following an opening-day loss to Caen.

23 November 2017
Shares in Kohl's Corporation (KSS) Acquired by ICM Asset Management Inc. WA
Several other institutional investors have also sold shares of the company. 153 funds opened positions while 670 raised stakes. The stock of Kohl's Corporation (NYSE: KSS ) earned "Neutral" rating by Susquehanna on Friday, February 10.

23 November 2017
EVM snags mar UP municipal elections
The next two phases will be held on 26 and 29 Nov and the counting for all three phases will be done on 1 December . Similar reports of technical glitches, "rigged" EVMs and claims of bogus voting overshadowed the elections.

23 November 2017
Sanderson Farms, Inc. (SAFM) Coverage Initiated by Analysts at Morgan Stanley
It improved, as 43 investors sold SHW shares while 224 reduced holdings. 138 funds opened positions while 500 raised stakes. The stock is now valued at $161.81 after moving -1.94% in the most recent session and -0.19% over the past 5 trading days.