Fitbit, Inc. (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $6.89, for a total transaction of $103,350.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Jon Callaghan also recently made the following trade(s):

  • On Friday, September 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $5.90, for a total transaction of $88,500.00.
  • On Tuesday, August 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $5.09, for a total transaction of $76,350.00.

Fitbit, Inc. (NYSE FIT) opened at 6.52 on Thursday. Fitbit, Inc. has a 1-year low of $5.62 and a 1-year high of $14.94. The firm’s market capitalization is $1.52 billion. The company’s 50-day moving average is $6.55 and its 200 day moving average is $6.55.

Fitbit (NYSE:FIT) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. Fitbit had a negative net margin of 13.79% and a negative return on equity of 20.67%. The firm had revenue of $353.30 million during the quarter, compared to analysts’ expectations of $341.24 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, equities analysts expect that Fitbit, Inc. will post ($0.31) EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in FIT. Russell Investments Group Ltd. boosted its position in Fitbit by 6,579.5% during the first quarter. Russell Investments Group Ltd. now owns 104,601 shares of the scientific and technical instruments company’s stock worth $621,000 after purchasing an additional 103,035 shares during the period. Bank of New York Mellon Corp boosted its position in Fitbit by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 632,493 shares of the scientific and technical instruments company’s stock worth $3,744,000 after purchasing an additional 35,558 shares during the period. Swiss National Bank boosted its position in Fitbit by 10.3% during the first quarter. Swiss National Bank now owns 238,200 shares of the scientific and technical instruments company’s stock worth $1,410,000 after purchasing an additional 22,300 shares during the period. UBS Asset Management Americas Inc. boosted its position in Fitbit by 5.8% during the first quarter. UBS Asset Management Americas Inc. now owns 86,177 shares of the scientific and technical instruments company’s stock worth $510,000 after purchasing an additional 4,732 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Fitbit by 88.6% during the first quarter. Parametric Portfolio Associates LLC now owns 72,680 shares of the scientific and technical instruments company’s stock worth $430,000 after purchasing an additional 34,143 shares during the period. 56.04% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the stock. Vetr upgraded shares of Fitbit from a “buy” rating to a “strong-buy” rating and set a $5.79 price target on the stock in a research report on Wednesday, August 2nd. Cowen and Company set a $6.00 price target on shares of Fitbit and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $8.00 price target on shares of Fitbit in a research report on Monday, June 26th. Morgan Stanley dropped their price target on shares of Fitbit from $7.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Fitbit from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus 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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