Fitbit (FIT) EVP Sells $23,100.00 in Stock

Fitbit (NYSE:FIT) EVP Andy Missan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $4.62, for a total transaction of $23,100.00. Following the completion of the sale, the executive vice president now owns 139,498 shares in the company, valued at $644,480.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andy Missan also recently made the following trade(s):

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  • On Thursday, March 1st, Andy Missan sold 5,000 shares of Fitbit stock. The stock was sold at an average price of $4.76, for a total transaction of $23,800.00.
  • On Thursday, February 1st, Andy Missan sold 5,000 shares of Fitbit stock. The stock was sold at an average price of $5.17, for a total transaction of $25,850.00.

Fitbit stock opened at $4.79 on Friday. The company has a market capitalization of $1,022.30, a PE ratio of -7.37 and a beta of 1.92. Fitbit has a fifty-two week low of $4.51 and a fifty-two week high of $7.32.

Fitbit (NYSE:FIT) last released its earnings results on Monday, February 26th. The scientific and technical instruments company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $570.76 million during the quarter, compared to analysts’ expectations of $587.03 million. Fitbit had a negative return on equity of 17.11% and a negative net margin of 17.16%. research analysts predict that Fitbit will post -0.55 EPS for the current year.

A number of analysts recently commented on FIT shares. Roth Capital started coverage on shares of Fitbit in a report on Friday, January 5th. They issued a “buy” rating and a $10.00 target price on the stock. Stifel Nicolaus downgraded shares of 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. Morgan Stanley set a $6.00 target price on shares of Fitbit and gave the stock a “hold” rating in a report on Friday, January 5th. ValuEngine downgraded shares of Fitbit from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, Cleveland Research reiterated a “hold” rating on shares of Fitbit in a report on Thursday, December 21st. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.78.

Several institutional investors have recently added to or reduced their stakes in FIT. Nationwide Fund Advisors increased its position in shares of Fitbit by 208.7% in the third quarter. Nationwide Fund Advisors now owns 307,910 shares of the scientific and technical instruments company’s stock worth $2,143,000 after acquiring an additional 208,169 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Fitbit by 123.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 64,968 shares of the scientific and technical instruments company’s stock worth $452,000 after acquiring an additional 35,922 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Fitbit by 253.9% in the third quarter. Prudential Financial Inc. now owns 52,023 shares of the scientific and technical instruments company’s stock worth $362,000 after acquiring an additional 37,323 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Fitbit by 35.1% in the third quarter. New York State Common Retirement Fund now owns 227,233 shares of the scientific and technical instruments company’s stock worth $1,582,000 after acquiring an additional 59,033 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Fitbit by 421.2% in the third quarter. Ameriprise Financial Inc. now owns 186,793 shares of the scientific and technical instruments company’s stock worth $1,300,000 after acquiring an additional 150,956 shares in the last quarter. 61.49% of the stock is currently owned by institutional investors and hedge funds.

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Fitbit Company Profile

Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness.

Insider Buying and Selling by Quarter for Fitbit (NYSE:FIT)

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