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  • Fitbit, Inc. (NYSE: FIT): Analysts' Suggestions in the Limelight

Fitbit, Inc. (NYSE: FIT): Analysts' Suggestions in the Limelight

Debra Rodriguez | 09 October, 2017, 01:43

Other equities research analysts also recently issued research reports about the company.

Fitbit, Inc. has a 1-year low of $5.62 and a 1-year high of $15.05.

TRADEMARK VIOLATION NOTICE: "Fitbit's (FIT) "Neutral" Rating Reiterated at Dougherty & Co" was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. FIT stock price revealed optimistic move of 8.00% comparing average price of last 200 days. Finally, Deutsche Bank AG dropped their target price on Fitbit from $6.50 to $5.50 and set a hold rating for the company in a report on Thursday, August 3rd. As per Thursday, January 21, the company rating was maintained by Stifel Nicolaus. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The consensus analyst target price is $6.71.

The share price of Fitbit (NYSE:FIT) was up +0.77% during the last trading session, with a day high of 6.57. According to their observations and findings, the stock could provide a high EPS of $-0.02/share and a low EPS of $-0.07/share. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -282%. For this FIT's 20 days and 50 days MA (moving average) comparison clear the blur picture.

Fitbit (NYSE:FIT) last released its quarterly earnings data on Wednesday, August 2nd. The analysts estimated EPS for the higher end at 0.15 and lower end at -0.15 while the year ago reported earnings per share was 0.8. The business had revenue of $353.30 million for the quarter, compared to analyst estimates of $341.24 million. The company's quarterly revenue was down 39.8% on a year-over-year basis. 3247850 shares were traded on Fitbit's last session. Equities analysts predict that Fitbit Inc will post ($0.35) EPS for the current fiscal year. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright laws.

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Additionally on 4/25/17 Benchmark "Initiates Coverage On" Fitbit Inc (NYSE:FIT) to Buy setting price target at $10 and on 1/31/17 Citigroup "Downgrades" the stock to Sell at $0.

On Friday, September 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $5.68, for a total value of $28,400.00. Following the completion of the sale, the executive vice president now directly owns 105,133 shares in the company, valued at $724,366.37. Also, Director Glenda J. Flanagan acquired 18,248 shares of Fitbit stock in a transaction dated Thursday, August 17th.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. 3,247,850 shares of the stock were exchanged. The disclosure for this sale can be found here. AMP Capital Investors Ltd now owns 355,030 shares of the scientific and technical instruments company's stock valued at $5,262,000 after buying an additional 11,115 shares during the last quarter. Insider ownership during the previous year has increased by a net of 309901 shares.

Institutional investors now hold around $819 million or 62.5% in FIT stock. Amalgamated Bank lifted its holdings in shares of Fitbit by 20.1% in the 2nd quarter. Artemis Investment Management LLP now owns 2,535,000 shares of the scientific and technical instruments company's stock worth $13,447,000 after acquiring an additional 727,000 shares during the last quarter.

Fitbit Inc. (FIT) has a Return on Assets of -14.7 percent, Return on Investment of -10.6 percent and a Return on Equity of -23.8 percent. The portion of a company's profit allocated to each outstanding share of common stock was -$3.38 a share in the trailing twelve months. State Street Corp increased its stake in Fitbit by 68.0% in the second quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Finally, Quinn Opportunity Partners LLC increased its stake in Fitbit by 3.0% in the second quarter. Renaissance Technologies LLC now owns 4,741,700 shares of the scientific and technical instruments company's stock valued at $25,178,000 after purchasing an additional 3,126,706 shares during the period.

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