Fitbit (NYSE:FIT) will issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Fitbit (NYSE FIT) opened at $5.18 on Tuesday. Fitbit has a twelve month low of $4.90 and a twelve month high of $7.32. The stock has a market capitalization of $1,230.00 and a price-to-earnings ratio of -3.14.
In other news, Director Steven Joseph Murray sold 966,641 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $6.09, for a total transaction of $5,886,843.69. Following the completion of the sale, the director now directly owns 11,442 shares of the company’s stock, valued at approximately $69,681.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andy Missan sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $6.81, for a total value of $34,050.00. Following the sale, the executive vice president now directly owns 109,475 shares of the company’s stock, valued at $745,524.75. The disclosure for this sale can be found here. Insiders sold a total of 1,026,641 shares of company stock valued at $6,244,594 over the last three months. 29.10% of the stock is currently owned by insiders.
FIT has been the topic of a number of recent research reports. Roth Capital initiated coverage on Fitbit in a report on Friday, January 5th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research cut Fitbit from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus cut Fitbit from a “hold” rating to a “sell” rating and set a $6.00 target price on the stock. in a report on Friday, December 15th. Vetr upgraded Fitbit from a “hold” rating to a “buy” rating and set a $6.67 target price on the stock in a report on Thursday, October 19th. Finally, Morgan Stanley set a $6.00 target price on Fitbit and gave the stock a “hold” rating in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.06.
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Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.
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