Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $6.89, for a total value of $34,450.00. Following the transaction, the executive vice president now owns 105,133 shares in the company, valued at approximately $724,366.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, September 27th, Andy Missan sold 25,000 shares of Fitbit stock. The stock was sold at an average price of $7.00, for a total value of $175,000.00.
  • On Friday, September 1st, Andy Missan sold 5,000 shares of Fitbit stock. The stock was sold at an average price of $5.91, for a total value of $29,550.00.
  • On Friday, August 4th, Andy Missan sold 5,000 shares of Fitbit stock. The stock was sold at an average price of $5.68, for a total value of $28,400.00.

Fitbit Inc (NYSE FIT) traded down 2.10% during midday trading on Wednesday, reaching $6.52. The company’s stock had a trading volume of 4,889,706 shares. The stock’s market capitalization is $1.52 billion. The firm’s 50-day moving average price is $6.56 and its 200-day moving average price is $6.56. Fitbit Inc has a 52 week low of $5.62 and a 52 week high of $15.05.

Fitbit (NYSE:FIT) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. Fitbit had a negative return on equity of 24.71% and a negative net margin of 16.48%. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $341.24 million. During the same quarter in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, analysts anticipate that Fitbit Inc will post ($0.31) earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the business. DnB Asset Management AS lifted its stake in shares of Fitbit by 57.8% during the 2nd quarter. DnB Asset Management AS now owns 16,352,508 shares of the scientific and technical instruments company’s stock worth $86,832,000 after purchasing an additional 5,989,005 shares during the period. Vanguard Group Inc. lifted its stake in shares of Fitbit by 13.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,808,192 shares of the scientific and technical instruments company’s stock worth $68,012,000 after purchasing an additional 1,567,672 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Fitbit by 193.6% during the 2nd quarter. Renaissance Technologies LLC now owns 4,741,700 shares of the scientific and technical instruments company’s stock worth $25,178,000 after purchasing an additional 3,126,706 shares during the period. State Street Corp lifted its stake in shares of Fitbit by 68.0% during the 2nd quarter. State Street Corp now owns 3,330,776 shares of the scientific and technical instruments company’s stock worth $17,686,000 after purchasing an additional 1,348,058 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its stake in shares of Fitbit by 3.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 2,573,690 shares of the scientific and technical instruments company’s stock worth $13,666,000 after purchasing an additional 75,100 shares during the period. 56.04% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on FIT. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $8.00 price target on shares of Fitbit in a research report on Wednesday. Dougherty & Co restated a “neutral” rating on shares of Fitbit in a research report on Wednesday. Vetr upgraded Fitbit from a “sell” rating to a “hold” rating and set a $6.67 target price on the stock in a research report on Wednesday. Zacks Investment Research upgraded Fitbit from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Fitbit from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.45.

Fitbit Company Profile

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.

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

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