Similarly, Fitbit, Inc. (NYSE:FIT) experienced a 100-day Percent movement of -21.61% with a trading volume reaching 6,209,780. The company now has a consensus rating of "Hold" and a consensus target price of $5.83.
A number of other research firms have also recently commented on FIT. Robert W. Baird reaffirmed a "hold" rating and set a $6.00 price objective on shares of Fitbit in a research note on Thursday, August 2nd. The stock rating was maintained by Wedbush with "Hold" on Thursday, June 7. Finally, William Blair reiterated a "market perform" rating on shares of Fitbit in a research report on Friday, September 21st. Zacks Investment Research upgraded shares of Fitbit from a sell rating to a hold rating in a report on Wednesday, June 20th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. 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. The stock began the trading session at $5.48 and hit a high of $6.2. A stock with a beta more than 1 means high volatile and less than 1 means low volatile.
Fitbit, Inc., (NYSE: FIT) closed at $6.1 in the latest trading session, marking a 2.52 move from the prior day. The scientific and technical instruments company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. Fitbit had a negative return on equity of 25.74% and a negative net margin of 23.70%. On average, sell-side analysts forecast that Fitbit will post -0.69 earnings per share for the current year. The firm's revenue was up.3% on a year-over-year basis.
According to analysts Fitbit Inc (NYSE:FIT)'s minimum EPS for the current quarter is at $0.04 and can go high up to $0.11. The shares were sold at an average price of $4.76, for a total transaction of $35,700.00. Following the completion of the transaction, the executive vice president now directly owns 154,381 shares of the company's stock, valued at approximately $838,288.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy Missan sold 7,500 shares of Fitbit stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $6.22, for a total value of $6,220,000.00. Following the completion of the transaction, the director now owns 42,332 shares of the company's stock, valued at $263,305.04. The disclosure for this sale can be found here. The company's stock had a trading volume of 504,559 shares, compared to its average volume of 6,163,714. The company's stock now has a total float of 208.58M shares.
Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. now owns 118,894 shares of the scientific and technical instruments company's stock worth $606,000 after buying an additional 12,500 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Fitbit by 69.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,160,629 shares of the scientific and technical instruments company's stock valued at $7,579,000 after purchasing an additional 240,290 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Fitbit by 14.5% during the second quarter. They now have $7.00 target price on the scientific and technical instruments company's stock. 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. Swiss National Bank now owns 339,800 shares of the scientific and technical instruments company's stock valued at $2,219,000 after purchasing an additional 34,300 shares in the last quarter.
Fitbit, Inc, a technology company, provides health solutions in the United States and internationally.