Weekly Fitbit, Inc. (NYSE:FIT) Ratings

On Thursday, May 3 Bank of America maintained Fitbit, Inc.

Morgan Stanley set a $4.00 price objective on Fitbit (NYSE:FIT) in a research report report published on Thursday. On a downside, the share price is likely to find some support, which begins at $5.86. The company now has a consensus rating of "Hold" and a consensus target price of $5.83. Private Advisor Group LLC now owns 25,392 shares of the scientific and technical instruments company's stock valued at $136,000 after purchasing an additional 9,562 shares during the last quarter. Its weekly volatility is hovering around 8.94% and felt 6.42% volatility in price over a month.

FIT stock has been range bound between the range of $5.79 and $5.79 during the whole day. The stock finished Friday at $6.1. The company's beta value is at 1.7. The price went up as high as $5.79 before retreating. FIT stock price revealed pessimistic move of 9.41% comparing average price of last 200 days.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Fitbit Inc (NYSE:FIT) high price target of $10 and with a conservative view have low price target of $4. It has retreated -27.7% since it's 52-week high of $7.79 reached in June. (NYSE:FIT) with "Market Perform" rating.

For more Fitbit, Inc. (FIT) stood at 0.3% while institutions hold 69.9%. Dnb Asset Management As is the largest single holder among mutual funds with ownership of over 17.12M FIT shares as of June 30, with a market value of approx. MetLife Investment Advisors LLC boosted its holdings in Fitbit by 14.5% during the second quarter.

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Separately, it has been reported that multiple insider activity took place at Fitbit, Inc. (FIT). EVP, General Counsel, Sect. Following the completion of the sale, the director now directly owns 42,332 shares in the company, valued at $263,305.04.

Additionally on 8/02/18 Bank of America "Maintained" Fitbit Inc (NYSE:FIT) to Underperform setting price target at $5.3 and on 8/02/18 Wedbush "Maintained" the stock to Neutral at $6.5. The selling total is valued at $941,724. Also, Director Steven Joseph Murray sold 1,000,000 shares of the firm's stock in a transaction dated Monday, August 27th. Schwab Charles Investment Management Inc. now owns 1,160,629 shares of the scientific and technical instruments company's stock valued at $7,579,000 after purchasing an additional 240,290 shares in the last quarter. In the meantime, the Fitbit, Inc.'s 14-day RSI was settled at 68.17.

A number of other research firms have also recently commented on FIT. Wall Street analysts covering the stock are projecting that the stock will reach $6.5 within the next 52-weeks. The stock was sold at an average price of $6.22, for a total transaction of $6,220,000.00. The stock rating was upgraded by Wedbush to "Outperform" on Friday, October 12. Finally, William Blair reiterated a "market perform" rating on shares of Fitbit in a research report on Friday, September 21st.

Notable Experts have a mean recommendation of 2.8 on this stock. Fitbit had a negative return on equity of 25.74% and a negative net margin of 23.70%. The company posted an earnings surprise of 500%. Over the past 12 fiscal quarters, Fitbit, Inc.

Previously Fitbit Inc (NYSE:FIT) reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.01 by $0.05. During the same period in the prior year, the company earned ($0.01) earnings per share. That was better than consensus for -$0.01. The company had revenue of $393.60 million during the quarter, compared to analysts' expectations of $381.25 million. For this quarter, Wall Street analysts forecast revenue in a range of $560 million to $580 million, which should be compared with $630.49 million generated past year. During the same period previous year, the business earned ($0.01) EPS.


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