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

FIT has been the subject of several research reports. Zacks Investment Research downgraded shares of Fitbit from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Citigroup Inc. set a $20.00 price objective on shares of Fitbit and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Leerink Swann lowered their price objective on shares of Fitbit from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, August 3rd. Longbow Research set a $20.00 price objective on shares of Fitbit and gave the stock a “buy” rating in a research report on Tuesday. Finally, Mizuho reissued a “buy” rating and set a $20.00 price objective on shares of Fitbit in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.45.

The company has a 50-day moving average price of $14.06 and a 200-day moving average price of $14.35. The firm has a market cap of $3.29 billion and a price-to-earnings ratio of 31.24.

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

In other news, EVP Andy Missan sold 15,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $15.61, for a total value of $234,150.00. Following the completion of the sale, the executive vice president now owns 50,000 shares in the company, valued at approximately $780,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Philip Douglas Black sold 50,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.62, for a total transaction of $781,000.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Fitbit stock. New York State Common Retirement Fund boosted its stake in Fitbit Inc. (NYSE:FIT) by 2,453.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,225 shares of the company’s stock after buying an additional 107,830 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Fitbit worth $3,321,000 as of its most recent filing with the SEC.

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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