Fitbit, Inc. (NYSE:FIT)'s short interest is 37.61 million shares, or % of the float. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $8.00 price objective on shares of Fitbit in a research note on Monday, June 26th. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The Manufacturers Life Insurance Company now owns 139,450 shares of the scientific and technical instruments company's stock valued at $741,000 after acquiring an additional 132,949 shares in the last quarter. During last 3 month period, 11.38% of total institutional ownership has changed in the company shares. Fitbit has a 12 month low of $5.62 and a 12 month high of $17.18. The company reported second-quarter 2017 adjusted loss of 18 cents per share, which was narrower than the Zacks Consensus Estimate. This works out to a net increase in ownership of 22.87 million shares, and suggests that institutions are feeling bullish about the stock. Fitbit now has an average rating of "Hold" and an average target price of $7.44. The company has market cap of $1.63 billion. Vanguard Group Inc. now owns 12,808,192 shares of the scientific and technical instruments company's stock valued at $68,012,000 after purchasing an additional 1,567,672 shares in the last quarter. FIT's latest closing price was 9.28% away from the average-price of 200 days while it maintained a distance of 12.94% from the 50 Day Moving Average and 5.06% away compared to its SMA 20. Also, EVP Andy Missan sold 5,000 shares of the stock in a transaction that occurred on Friday, August 4th. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Fitbit by 5.8% during the 1st quarter.
COPYRIGHT VIOLATION WARNING: "Analysts Anticipate Fitbit, Inc". Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $0.06. State Street Corp now owns 3,330,776 shares of the scientific and technical instruments company's stock valued at $17,686,000 after acquiring an additional 1,348,058 shares in the last quarter. There were 52 sold out positions, amounting to 6.31 million shares. UBS Asset Management Americas Inc. now owns 86,177 shares of the scientific and technical instruments company's stock valued at $510,000 after buying an additional 4,732 shares during the last quarter. The stock's 52-week range is $4.90 to $16.97, and its 3-month range is $ to $.
Fitbit (NYSE:FIT) last posted its earnings results on Wednesday, August 2nd. Following the transaction, the executive vice president now directly owns 105,000 shares of the company's stock, valued at $620,550. Swiss National Bank boosted its stake in shares of Fitbit by 10.3% during the 1st quarter. Finally, Northern Trust Corp grew its stake in shares of Fitbit by 191.8% in the 2nd quarter. Hedge funds and other institutional investors own 56.04% of the company's stock.
On the other hand the company has Relative Strength Index (RSI 14) of 62.19 along with Average True Range (ATR 14) of 0.28, Consequently Fitbit Inc (NYSE:FIT)'s weekly and monthly volatility is 2.91%, 4.59% respectively.
On average, analysts expect that Fitbit will report full-year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.37) to ($0.25). The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.