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. It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data from its wearable devices; and Fitbit Coach that offers exercise programs through personal trainer and yoga apps. The company sells its products through consumer electronics and specialty, e-commerce, mass merchant, department store, club, and sporting goods and outdoors retailers; wireless carriers; distributors; and Fitbit.com, an online store, as well as directly to consumers. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry Electronic computers
Sub-IndustryN/A
SectorComputer and Technology
Phone415-513-1000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.62 billion
Profitability
Miscellaneous
Employees1,749
OptionableOptionable
Fitbit (NYSE:FIT) Frequently Asked Questions
What is Fitbit's stock symbol?
Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."
How were Fitbit's earnings last quarter?
Fitbit Inc (NYSE:FIT) posted its earnings results on Wednesday, October, 31st. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.05. The scientific and technical instruments company earned $393.60 million during the quarter, compared to analyst estimates 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 for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. View Fitbit's Earnings History.
When is Fitbit's next earnings date?
What guidance has Fitbit issued on next quarter's earnings?
Fitbit updated its FY 2018 earnings guidance on Wednesday, October, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.5-1.5 billion, compared to the consensus revenue estimate of $1.49 billion.Fitbit also updated its Q4 2018 guidance to $0.07 EPS.
What price target have analysts set for FIT?
11 equities research analysts have issued 1 year target prices for Fitbit's shares. Their predictions range from $4.00 to $8.00. On average, they anticipate Fitbit's share price to reach $5.75 in the next twelve months. This suggests that the stock has a possible downside of 5.0%. View Analyst Price Targets for Fitbit.
What is the consensus analysts' recommendation for Fitbit?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fitbit.
Has Fitbit been receiving favorable news coverage?
News stories about FIT stock have been trending extremely positive recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fitbit earned a daily sentiment score of 4.1 on InfoTrie's scale. They also gave media headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Are investors shorting Fitbit?
Fitbit saw a drop in short interest in December. As of December 31st, there was short interest totalling 34,907,377 shares, a drop of 18.3% from the December 14th total of 42,738,243 shares. Based on an average daily volume of 5,268,652 shares, the short-interest ratio is presently 6.6 days. Currently, 16.2% of the shares of the company are sold short. View Fitbit's Current Options Chain.
Who are some of Fitbit's key competitors?
Who are Fitbit's key executives?
Fitbit's management team includes the folowing people:
- Mr. James Park, Co-Founder, Chairman, CEO & Pres (Age 42)
- Mr. Eric N. Friedman, Co-Founder, CTO & Director (Age 41)
- Mr. Jeffrey P. Devine, Exec. VP of Operations (Age 57)
- Mr. Andrew P. Missan, Exec. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Ronald W. Kisling, Chief Financial Officer (Age 57)
When did Fitbit IPO?
(FIT) raised $448 million in an initial public offering (IPO) on Thursday, June 18th 2015. The company issued 29,900,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley, Deutsche Bank Securities and BofAMerrill Lynch served as the underwriters for the IPO and Barclays, SunTrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.
Who are Fitbit's major shareholders?
Fitbit's stock is owned by a variety of of retail and institutional investors. Top institutional investors include DNB Asset Management AS (9.58%) and Virtu Financial LLC (0.01%). Company insiders that own Fitbit stock include Andy Missan, Christopher B Paisley, Glenda J Flanagan, Jon Callaghan, Steven Joseph Murray and Timothy M Roberts. View Institutional Ownership Trends for Fitbit.
Which major investors are selling Fitbit stock?
FIT stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS. Company insiders that have sold Fitbit company stock in the last year include Andy Missan, Jon Callaghan and Steven Joseph Murray. View Insider Buying and Selling for Fitbit.
Which major investors are buying Fitbit stock?
FIT stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC. Company insiders that have bought Fitbit stock in the last two years include Christopher B Paisley and Glenda J Flanagan. View Insider Buying and Selling for Fitbit.
How do I buy shares of Fitbit?
Shares of FIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Fitbit's stock price today?
One share of FIT stock can currently be purchased for approximately $6.05.
How big of a company is Fitbit?
Fitbit has a market capitalization of $1.31 billion and generates $1.62 billion in revenue each year. The scientific and technical instruments company earns $-277,190,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis. Fitbit employs 1,749 workers across the globe.
What is Fitbit's official website?
How can I contact Fitbit?
Fitbit's mailing address is 199 Fremont Street 14th Floor, San Francisco CA, 94105. The scientific and technical instruments company can be reached via phone at 415-513-1000 or via email at [email protected]
MarketBeat Community Rating for Fitbit (NYSE FIT)
MarketBeat's community ratings are surveys of what our community members think about Fitbit and other stocks. Vote "Outperform" if you believe FIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
