Fitbit, Inc. (NYSE:FIT) registered a -15.95% decrease, still its new closing price is -13.06% up from the company’s 1 year high of 18.85.It posted -14.65% losses in previous 5 sessions and is now the subject of 16 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 21 stock analysts following this company have an average price target at $10.53, with individual PT in the $8.00-$20.00 range. The shares moved at $6.06, implying that brokerage firms see shares losing about -63.49% in twelve months time.
Fitbit, Inc. (FIT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -17.21% fall year to date. A Director, 10% Owner at Fitbit, Inc. (FIT) offloaded shares in a transaction closed on Monday December 05, 2016. CALLAGHAN JON sold 860,000 shares in the company at $8.17 each and collected $7,026,000 in proceeds. CALLAGHAN JON now owns 1,058,008 shares in the company after this transaction. A 10% Owner in the company, True Venture Partners II, L.L., disclosed a transaction on Monday December 05, 2016 that ended up generating $7,026,000 from the sale of 860,000 shares at $8.17 per share.
Fitbit, Inc. (NYSE:FIT) Upcoming Results on Tap
Fitbit, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.13 in that period. Sales during the quarter are predicted to arrive at $487.79 million.
Earnings surprise history: Last quarter, the company posted approximately $503.8 million in revenue and EPS of $0.19. The mean forecast was for $506.93 million and $0.19 a share, respectively. One quarter earlier, revenue for the stock was at $586.53 million, with earnings at $0.12/share.
Fitbit, Inc. (FIT) Brokerage Update
Fitbit, Inc. (FIT) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Thursday December 08, 2016.Another important research note was issued by Pacific Crest on Wednesday November 16, 2016.The firm upgraded FIT to Sector Weight from Underweight. Over the last six months and over the last three months, the shares of Fitbit, Inc. (FIT), have changed -55.64% and -56.02%, respectively.