Next Weeks Broker Price Targets For Fitbit (NYSE:FIT)

They now have a United States dollars 5 price target on the stock.

Previously Fitbit Inc (NYSE:FIT) reported $-0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.19 by $0.04. 6,423,503 shares of the stock traded hands. Citigroup had a markedly different take on 31/01/2017, proposing that Fitbit, Inc.is now considered Sell versus prior Neutral rating. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of other brokerages have also recently weighed in on FIT. Alpha One also gave media coverage about the scientific and technical instruments company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. The stock showed weekly upbeat performance of 1.46%, which was maintained for the month at -4.13%. Oppenheimer & Co. Inc. now owns 35,913 shares of the scientific and technical instruments company's stock worth $213,000 after buying an additional 5,550 shares during the period.

In other news, EVP Andy Missan sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 7th. The stock now has Weekly Volatility of 5.20% and Monthly Volatility of 4.48%. Pacific Crest restated an "equal weight" rating on shares of Fitbit in a research note on Friday, February 24th.

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11903545 shares were traded on Fitbit's last session. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%. Artemis Investment Management LLP purchased a new position in shares of Fitbit during the fourth quarter worth $7,725,000. They expect $-0.18 EPS, down 357.14% or $0.25 from last year's $0.07 per share.

Fitbit Inc (NYSE:FIT) issued an update on its second quarter earnings guidance on Wednesday morning. The average volume stands around 8.05 million shares. Separately, 10% Owner Blackstone Holdings III L.P. Sell 30000000 shares of the company at a price of $7.15 on 2017-05-26. Following the transaction, the director now owns 11,442 shares of the company's stock, valued at $60,985.86. Deutsche Bank AG decreased their price objective on shares of Fitbit from $9.00 to $6.00 and set a hold rating for the company in a report on Monday, January 30th. The business had revenue of $298.94 million for the quarter, compared to the consensus estimate of $277.48 million. Presently, it has a Return on Equity (ROE) of -16.80% and Return on Investment (ROI) of -10.60%. On average, equities research analysts predict that Fitbit Inc will post ($0.35) EPS for the current fiscal year. If you are reading this report on another publication, it was stolen and reposted in violation of United States and global copyright and trademark laws. Fitbit has a 52-week low of 5.03 and a 52-week high of 17.18. HighTower Advisors LLC purchased a new position in Fitbit during the first quarter valued at $185,000. Dimensional Fund Advisors LP increased its position in shares of Fitbit by 39.5% in the first quarter. Inc. boosted its position in shares of Fitbit by 18.3% in the first quarter.

Fitbit Inc. (FIT) belongs to the "Technology" sector with an industry focus on "Scientific & Technical Instruments", with Mr. James Park as Co-Founder, Chairman, Chief Exec. Officer and Pres. The stock has "Neutral" rating by PiperJaffray on Thursday, November 3. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women's, men's, home and entertainment categories. The company has its outstanding shares of 91.80 million. 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.

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