Schwab Charles Investment Management Inc. increased its holdings in Fitbit by 35.6% in the first quarter.
Several analysts recently weighed in on the company. Legal & General Group Plc grew its position in shares of Fitbit by 140.9% in the first quarter. Amalgamated Bank grew its holdings in Fitbit by 20.1% during the 2nd quarter. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company's stock worth $117,000 after purchasing an additional 3,698 shares in the last quarter. Blue Clay Capital Management LLC bought a new position in Fitbit during the third quarter worth approximately $220,000. Dimensional Fund Advisors LP owned 0.53% of Fitbit worth $5,258,000 at the end of the most recent reporting period. The fund owned 990,273 shares of the scientific and technical instruments company's stock after buying an additional 343,401 shares during the quarter. Geode Capital Management LLC grew its holdings in Fitbit by 3.2% during the first quarter.
Fitbit Inc (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $5.91, for a total transaction of $295,500.00. Following the completion of the transaction, the executive vice president now directly owns 109,475 shares of the company's stock, valued at $745,524.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. While talking about Performance of the Stock, Fitbit Inc. now has a Weekly performance of 0.59%, monthly performance percentage is 11.88 percent, Quarterly performance is 4.47 percent, 6 months performance shows a percent value of 27.44% and Yearly Performance is -15.04 percent. The disclosure for this sale can be found here. The stock was sold at an average price of $6.89, for a total value of $103,350.00. Corporate insiders own 29.10% of the company's stock.
A number of brokerages have issued reports on FIT. Dougherty & Co reaffirmed a "neutral" rating on shares of Fitbit in a report on Wednesday, September 27th. Zacks Investment Research upgraded Fitbit from a "hold" rating to a "buy" rating and set a $6.75 price target for the company in a research report on Monday, October 30th. Cowen set a $6.00 price objective on Fitbit and gave the stock a "hold" rating in a research report on Monday, October 23rd. Stifel Nicolaus reissued a "hold" rating and issued a $6.00 price target on shares of Fitbit in a research report on Thursday, September 14th. Vetr lowered Fitbit from a "hold" rating to a "sell" rating and set a $6.67 price objective for the company.in a report on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of "Hold" and an average price target of $7.11.
Fitbit Inc (FIT) traded up $0.12 during midday trading on Thursday, hitting $6.78. The stock had a trading volume of 2,952,800 shares, compared to its average volume of 7,605,197. The Stock has its 52-week High of $8.40 and 52-Week Low of $4.90 and it touched its 52-week high on 01/04/17 and 52-Week Low on 06/22/17.
According to analysts Fitbit Inc (NYSE:FIT)'s minimum EPS for the current quarter is at $-0.06 and can go high up to $0.02. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Fitbit had a negative return on equity of 28.33% and a negative net margin of 23.35%. The firm had revenue of $392.50 million during the quarter, compared to the consensus estimate of $391.70 million. During the same quarter a year ago, the company posted $0.19 earnings per share. During the same period in the prior year, the firm posted $0.19 earnings per share. equities analysts predict that Fitbit Inc will post -0.49 EPS for the current fiscal year.
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Fitbit Inc (NYSE:FIT)'s trailing twelve month revenues are $1.62 Billion, whereas its price to sales ratio for the same period is 0.97.