Fitbit Inc. (NYSE:FIT) EVP Andy Missan sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, September 6th, Andy Missan sold 15,000 shares of Fitbit stock. The shares were 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 shares were 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.

Shares of Fitbit Inc. (NYSE:FIT) opened at 13.49 on Wednesday. The stock has a 50 day moving average of $15.21 and a 200-day moving average of $14.65. Fitbit Inc. has a one year low of $11.65 and a one year high of $41.97. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.46 and a beta of 3.29.

Fitbit (NYSE:FIT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business earned $586.50 million during the quarter, compared to the consensus estimate of $578.48 million. Fitbit had a net margin of 5.76% and a return on equity of 14.55%. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities analysts anticipate that Fitbit Inc. will post $1.18 earnings per share for the current fiscal year.

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

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Fitbit by 22.8% in the second quarter. Vanguard Group Inc. now owns 8,371,908 shares of the company’s stock worth $102,305,000 after buying an additional 1,556,199 shares during the period. BlackRock Advisors LLC increased its stake in Fitbit by 1.2% in the second quarter. BlackRock Advisors LLC now owns 2,780,488 shares of the company’s stock worth $33,978,000 after buying an additional 33,971 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Fitbit by 73.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,755,321 shares of the company’s stock worth $33,670,000 after buying an additional 1,163,567 shares during the last quarter. Coatue Management LLC increased its stake in Fitbit by 85.2% in the second quarter. Coatue Management LLC now owns 2,501,722 shares of the company’s stock worth $30,571,000 after buying an additional 1,151,155 shares during the last quarter. Finally, Bloom Tree Partners LLC bought a new stake in Fitbit during the first quarter worth about $29,552,000. Institutional investors and hedge funds own 55.41% of the company’s stock.

Several analysts have recently weighed in on FIT shares. Pacific Crest cut shares of Fitbit from a “sector weight” rating to an “underweight” rating and increased their price target for the company from $15.88 to $16.70 in a research note on Thursday, September 29th. Mizuho set a $20.00 price target on shares of Fitbit and gave the company a “buy” rating in a research note on Thursday, September 15th. Zacks Investment Research cut shares of Fitbit from a “hold” rating to a “sell” rating in a research note 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 research note 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 research note on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.11.

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.

5 Day Chart for NYSE:FIT

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