Fitbit Inc. (NYSE:FIT)’s share price traded up 4.3% on Tuesday . The stock traded as high as $15.13 and last traded at $15.06, with a volume of 5,444,340 shares. The stock had previously closed at $14.44.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Fitbit from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday, May 2nd. Mizuho reaffirmed a “buy” rating and set a $20.00 price target on shares of Fitbit in a research note on Monday, May 2nd. Leerink Swann reaffirmed a “hold” rating and set a $18.00 price target on shares of Fitbit in a research note on Thursday, May 5th. Dougherty & Co reaffirmed a “neutral” rating on shares of Fitbit in a research note on Wednesday, June 1st. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $16.00 price target on shares of Fitbit in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.45.

The firm has a market cap of $3.31 billion and a PE ratio of 31.39. The stock’s 50-day moving average price is $13.97 and its 200-day moving average price is $14.36.

Fitbit (NYSE:FIT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 46.5% compared to the same quarter last year. On average, equities analysts forecast that Fitbit Inc. will post $1.18 EPS for the current year.

In other news, Director Jon Callaghan sold 15,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.44, for a total transaction of $231,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Philip Douglas Black sold 50,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.62, for a total value of $781,000.00. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Fitbit by 176.0% in the fourth quarter. Wells Fargo & Company MN now owns 366,210 shares of the company’s stock valued at $10,836,000 after buying an additional 233,531 shares during the last quarter. New York State Common Retirement Fund increased its position in Fitbit by 2,453.5% in the fourth quarter. New York State Common Retirement Fund now owns 112,225 shares of the company’s stock valued at $3,321,000 after buying an additional 107,830 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Fitbit by 93.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 86,352 shares of the company’s stock valued at $2,556,000 after buying an additional 41,626 shares during the last quarter.

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.

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