Current variation:: Fitbit, Inc., (NYSE: FIT)

Modesto Morganelli
Novembre 5, 2018

The shares of Fitbit, Inc. was among the active stocks of the last trading sessions. 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. Northern Trust Corp owned 1.10% of Fitbit worth $15,343,000 as of its most recent SEC filing. Russell Investments Group Ltd. increased its holdings in shares of Fitbit by 11.7% during the 1st 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. Commerzbank Aktiengesellschaft FI now owns 358,767 shares of the scientific and technical instruments company's stock worth $2,343,000 after buying an additional 9,778 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Fitbit by 60.4% during the 3rd quarter. Russell Investments Group Ltd. boosted its holdings in Fitbit by 11.7% during the first quarter. Xact Kapitalforvaltning AB now owns 25,078 shares of the scientific and technical instruments company's stock valued at $128,000 after purchasing an additional 10,300 shares during the last quarter. Hedge funds and other institutional investors own 62.18% of the company's stock.

A number of brokerages recently issued reports on FIT. The company now has a consensus rating of Hold and a consensus target price of $5.83. Finally, William Blair reiterated a "market perform" rating on shares of Fitbit in a research report on Friday, September 21st. The stock rating was maintained by Wedbush with "Hold" on Thursday, June 7. Robert W. Baird reissued a "hold" rating and set a $6.00 price target on shares of Fitbit in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered shares of Fitbit from a hold rating to a sell rating in a research report on Monday, August 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. This short time frame picture represents a downward movement of current price over average price of last 20 days. FIT stock is now showing down return of 27.41 throughout last week and witnessed bearish return of 15.76 in one month period. The company has a market capitalization of $1.31 billion, a P/E ratio of -9.38 and a beta of 1.65. During the past 12 months, its highest price was $7.79, which this stock reach on 06/12/18, compared to its lowest price during that period - which was $4.23 on 06/12/18. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App.Last it reported negative earnings. The scientific and technical instruments company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. Revenue for the recent quarter stood at $393.58 million, down 0% on a year ago and above the $381.21 million predicted by analysts. Fitbit had a negative net margin of 16.32% and a negative return on equity of 24.19%. The company's revenue was up.3% compared to the same quarter past year. During the same period in the prior year, the company earned ($0.01) earnings per share. Fitbit updated its Q4 2018 guidance to $0.07 EPS and its FY 2018 guidance to EPS.

Director, Murray Steven Joseph had divested 1,000,000 shares for $1,042,332 through a trade on 2018/08/27. The shares were sold at an average price of $6.22, for a total value of $6,220,000.00.

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