Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 2,534 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $5.61, for a total transaction of $14,215.74. Following the transaction, the executive vice president now owns 176,395 shares in the company, valued at $989,575.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Andy Missan also recently made the following trade(s):

  • On Monday, November 12th, Andy Missan sold 7,500 shares of Fitbit stock. The stock was sold at an average price of $5.77, for a total transaction of $43,275.00.
  • On Wednesday, October 10th, Andy Missan sold 7,500 shares of Fitbit stock. The stock was sold at an average price of $4.76, for a total transaction of $35,700.00.
  • On Monday, September 10th, Andy Missan sold 7,500 shares of Fitbit stock. The stock was sold at an average price of $5.94, for a total transaction of $44,550.00.

Shares of FIT stock traded down $0.30 during midday trading on Monday, hitting $5.31. 5,253,883 shares of the company were exchanged, compared to its average volume of 6,234,382. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -8.17 and a beta of 1.65. Fitbit Inc has a 52 week low of $4.23 and a 52 week high of $7.79.

Fitbit (NYSE:FIT) last announced its earnings results on Wednesday, October 31st. The scientific and technical instruments company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $393.60 million during the quarter, compared to the consensus estimate of $381.25 million. Fitbit had a negative net margin of 16.32% and a negative return on equity of 24.69%. Fitbit’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. As a group, equities research analysts anticipate that Fitbit Inc will post -0.64 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Fitbit from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus boosted their price objective on shares of Fitbit from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Fitbit from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Robert W. Baird restated a “hold” rating and set a $6.00 price objective on shares of Fitbit in a research note on Thursday, August 2nd. Finally, MED upgraded shares of Fitbit from a “neutral” rating to an “outperform” rating and set a $6.50 price objective on the stock in a research note on Friday, October 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.90.

Several hedge funds have recently made changes to their positions in the stock. DNB Asset Management AS boosted its holdings in shares of Fitbit by 24.4% during the 3rd quarter. DNB Asset Management AS now owns 21,302,221 shares of the scientific and technical instruments company’s stock worth $113,967,000 after buying an additional 4,183,045 shares during the period. BlackRock Inc. boosted its holdings in shares of Fitbit by 3.8% during the 3rd quarter. BlackRock Inc. now owns 15,724,223 shares of the scientific and technical instruments company’s stock worth $84,127,000 after buying an additional 582,169 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Fitbit by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 8,156,285 shares of the scientific and technical instruments company’s stock worth $53,261,000 after buying an additional 909,585 shares during the period. Credit Suisse AG boosted its holdings in shares of Fitbit by 90.1% during the 3rd quarter. Credit Suisse AG now owns 5,530,197 shares of the scientific and technical instruments company’s stock worth $29,586,000 after buying an additional 2,621,104 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Fitbit by 58.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,205,804 shares of the scientific and technical instruments company’s stock worth $22,502,000 after buying an additional 1,544,617 shares during the period. 62.21% of the stock is owned by institutional investors and hedge funds.

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About Fitbit

Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness.

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Insider Buying and Selling by Quarter for Fitbit (NYSE:FIT)

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