08 May, 2017
Fitbit Inc (NYSE:FIT) was the target of a significant decline in short interest during the month of April. Fitbit Inc (FIT) shares have been seen trading -63.56% off its 52 week- peak value and changed 19.96% from its 52 week-bottom price value. The Q2 2017 consensus earnings estimates for the company have stabilized at US$-0.11 per share. The stock exchanged hands with 35.06 million shares contrast to its average daily volume of 6.13 million shares. Currently, 27.7% of the shares of the stock are sold short. The shares were sold at an average price of $5.91, for a total transaction of $295,500.00. Following the sale, the executive vice president now owns 369,385 shares of the company's stock, valued at $2,220,003.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
In other Fitbit news, EVP Andy Missan sold 50,000 shares of Fitbit stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $6.00, for a total value of $1,038,912.00. (FIT) now has a value of $6.37 while the company's 52 week low is at $5.31, the shares dropped to the 52 week low on 03/27/17. The disclosure for this sale can be found here.
While looking at the Stock's Performance, Fitbit Inc. now shows a Weekly Performance of 7.42%, where Monthly Performance is 12.54%, Quarterly performance is 3.92%, 6 Months performance is -51.23% and yearly performance percentage is -62.75%. Aperio Group LLC bought a new stake in Fitbit during the third quarter valued at $199,000. Allianz Asset Management AG acquired a new position in shares of Fitbit during the fourth quarter worth $146,000. Capstone Investment Advisors LLC bought a new stake in shares of Fitbit during the fourth quarter worth $108,000. Bank of New York Mellon Corp now owns 483,739 shares of the scientific and technical instruments company's stock valued at $7,178,000 after buying an additional 94,464 shares in the last quarter. The most recent short interest data show 37.54% of the company's stock are short sold. Over the 52-week time span, the stock notched a high price of $17.48 and its minimum price was $5.31. Pacific Crest reissued an equal weight rating on shares of Fitbit in a report on Friday, February 24th. Zacks Investment Research upgraded Fitbit from a "sell" rating to a "hold" rating in a research note on Saturday, April 1st. 0 brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, 0 analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $22.29. The company presently has an average rating of "Hold" and an average target price of $10.35.
Fitbit Inc (FIT) is an interesting player in the Technology space, with a focus on Scientific & Technical Instruments.
Currently, the market capitalization of Fitbit Inc. Fitbit FIT's 50-day average is $5.71 and its 200-day moving average is $7.41.
Fitbit (NYSE:FIT) traded down 3.45% during trading on Thursday, reaching $6.15. Analysts are forecasting earnings of $-0.18 on a per share basis this quarter. The firm had revenue of $298.94 million for the quarter, compared to analysts' expectations of $277.48 million. The Return on Equity (ROE) value stands at -9.8%. On average, equities analysts anticipate that Fitbit will post ($0.35) EPS for the current fiscal year.
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Now have a look at past performance (weekly performance to year to date performance) how Fitbit Inc (FIT) has been moved; whether it performed well or not.
