Northern Trust Corp lifted its holdings in Fitbit Inc (NYSE:FIT) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The stock presently has an average rating of Hold and an average target price of $5.83.
FIT has been the topic of a number of analyst reports. MED upgraded Fitbit from a "neutral" rating to an "outperform" rating and set a $6.50 target price on the stock in a research report on Friday, October 12th. Finally, William Blair reiterated a "market perform" rating on shares of Fitbit in a research report on Friday, September 21st. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Bank of America increased their price target on shares of Fitbit from $4.80 to $5.00 and gave the stock a "sell" rating in a report on Thursday, August 2nd. (FIT) and ..." on November 02, 2018, "A Preview Of Fitbit's Q3 Earnings" with a publish date: "October 31, 2018, "What Happened in the Stock Market Today" and the last "76 Biggest Movers From Yesterday" with publication date: "November 02, 2018. Since May 3, 2018 according to StockzIntelligence Inc Fitbit has 7 analyst reports.
Fitbit Inc (NYSE:FIT)'s trailing twelve month revenues are $1.51 Billion, whereas its price to sales ratio for the same period is 0.97.
On 1, Nov, 2018, Shares of Fitbit, Inc., (NYSE: FIT) displayed a change of 25.79 after which it closed the day' session at $5.95. The consensus mean EPS for the current quarter is at $0.07 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. Fitbit had a negative return on equity of 25.74% and a negative net margin of 23.70%. The firm had revenue of $393.60 million for the quarter, compared to analysts' expectations of $381.25 million. During the same period in the previous year, the business earned ($0.01) earnings per share. As a group, equities research analysts predict that Fitbit will post -0.69 EPS for the current year. Missan Andy sold 7,500 shares for $169,239 in transaction occurred on 2018/10/10.
Additionally on 8/02/18 Bank of America "Maintained" Fitbit Inc (NYSE:FIT) to Underperform setting price target at $5.3 and on 8/02/18 Wedbush "Maintained" the stock to Neutral at $6.5. Following the completion of the transaction, the director now directly owns 42,332 shares of the company's stock, valued at approximately $263,305.04.
Director, Murray Steven Joseph had divested 1,000,000 shares for $1,042,332 through a trade on 2018/08/27. The stock was sold at an average price of $6.22, for a total transaction of $6,220,000.00. Following the transaction, the executive vice president now directly owns 176,739 shares of the company's stock, valued at $841,277.64.
Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Fitbit during the 2nd quarter valued at about $127,000. Russell Investments Group Ltd. increased its holdings in shares of Fitbit by 11.7% during the 1st quarter. Private Advisor Group LLC boosted its position in shares of Fitbit by 60.4% during the third quarter. MetLife Investment Advisors LLC now owns 95,538 shares of the scientific and technical instruments company's stock worth $624,000 after buying an additional 12,109 shares in the last quarter. Xact Kapitalforvaltning AB now owns 32,678 shares of the scientific and technical instruments company's stock worth $213,000 after buying an additional 7,600 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Fitbit by 24.4% during the 3rd quarter. The firm owned 2,349,545 shares of the scientific and technical instruments company's stock after acquiring an additional 181,439 shares during the quarter.
Fitbit, Inc, a technology company, provides health solutions in the United States and internationally.