Fitbit Inc. (NYSE:FIT) EVP Andy Missan sold 10,000 shares of Fitbit stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $14.60, for a total transaction of $146,000.00. Following the sale, the executive vice president now directly owns 45,000 shares of the company’s stock, valued at approximately $657,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Andy Missan also recently made the following trade(s):
- On Tuesday, September 6th, Andy Missan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $15.14, for a total transaction of $227,100.00.
- On Monday, August 8th, Andy Missan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $15.61, for a total transaction of $234,150.00.
- On Wednesday, August 3rd, Andy Missan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00.
Fitbit Inc. (NYSE:FIT) opened at 13.42 on Thursday. Fitbit Inc. has a 52 week low of $11.65 and a 52 week high of $41.97. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 28.31 and a beta of 3.29. The company has a 50-day moving average of $15.17 and a 200-day moving average of $14.64.
Fitbit (NYSE:FIT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $586.50 million for the quarter, compared to analyst estimates of $578.48 million. Fitbit had a net margin of 5.76% and a return on equity of 14.55%. The company’s revenue for the quarter was up 46.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Fitbit Inc. will post $1.18 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on FIT shares. Pacific Crest lowered shares of Fitbit from a “sector weight” rating to an “underweight” rating and boosted their price target for the company from $15.88 to $16.70 in a report on Thursday, September 29th. Mizuho set a $20.00 price target on shares of Fitbit and gave the company a “buy” rating in a report on Thursday, September 15th. Zacks Investment Research lowered shares of Fitbit from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Vetr raised shares of Fitbit from a “buy” rating to a “strong-buy” rating and set a $17.63 price target for the company in a report on Tuesday, August 9th. Finally, Longbow Research raised shares of Fitbit to a “buy” rating and set a $20.00 price target for the company in a report on Monday, September 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.11.
A number of hedge funds have recently made changes to their positions in FIT. Metropolitan Life Insurance Co. NY raised its stake in shares of Fitbit by 233.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 8,420 shares of the company’s stock valued at $103,000 after buying an additional 5,898 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in Fitbit during the second quarter valued at $129,000. Legal & General Group Plc increased its position in Fitbit by 71.1% in the second quarter. Legal & General Group Plc now owns 10,967 shares of the company’s stock valued at $134,000 after buying an additional 4,558 shares during the last quarter. Greenwich Wealth Management LLC acquired a new position in Fitbit during the second quarter valued at $135,000. Finally, Wedbush Securities Inc. acquired a new position in Fitbit during the second quarter valued at $140,000. 55.41% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Fitbit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fitbit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.