Fitbit Company Profile (NYSE:FIT)

About Fitbit (FIT)

Fitbit logoFitbit, 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. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale that records weight, body fat and body mass index.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Scientific & Technical Instruments
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: FIT
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $5.40
  • 50 Day Moving Average: $5.88
  • 200 Day Moving Average: $9.40
  • 52-Week Range: $5.33 - $18.85
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -27.00
  • P/E Growth: 0.74
  • Market Cap: $1.22B
  • Outstanding Shares: 226,208,000
  • Beta: 2.54
Profitability:
  • Net Margins: 4.67%
  • Return on Equity: 11.94%
  • Return on Assets: 7.78%
Debt:
  • Current Ratio: 2.76%
  • Quick Ratio: 2.35%

Analyst Ratings

Consensus Ratings for Fitbit (NYSE:FIT) (?)
Ratings Breakdown: 4 Sell Ratings, 13 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.05)
Consensus Price Target: $10.10 (86.95% upside)

Analysts' Ratings History for Fitbit (NYSE:FIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/7/2017Dougherty & CoReiterated RatingNeutral -> SellN/AView Rating Details
2/27/2017Oppenheimer Holdings Inc.Reiterated RatingOutperform$8.00N/AView Rating Details
2/27/2017Raymond James Financial, Inc.Reiterated RatingOutperform$9.00N/AView Rating Details
2/24/2017Pacific CrestReiterated RatingEqual WeightN/AView Rating Details
2/23/2017FIXReiterated RatingOutperform$8.00 -> $8.00N/AView Rating Details
2/22/2017SunTrust Banks, Inc.Reiterated RatingHold$7.00N/AView Rating Details
1/31/2017Robert W. BairdReiterated RatingNeutral$10.00 -> $6.00N/AView Rating Details
1/31/2017Piper Jaffray CompaniesReiterated RatingUnderweight$8.00 -> $5.00N/AView Rating Details
1/31/2017WedbushReiterated RatingNeutral$8.50 -> $6.50N/AView Rating Details
1/31/2017Citigroup IncDowngradeNeutral -> Sell$5.90 -> $5.00N/AView Rating Details
1/30/2017Deutsche Bank AGLower Price TargetHold$9.00 -> $6.00N/AView Rating Details
1/30/2017MizuhoLower Price TargetNeutral$9.00 -> $6.50N/AView Rating Details
1/30/2017FBN SecuritiesLower Price TargetOutperform$15.00 -> $9.00N/AView Rating Details
1/18/2017Longbow ResearchReiterated RatingHoldN/AView Rating Details
12/9/2016Barclays PLCReiterated RatingEqual Weight$10.00N/AView Rating Details
11/11/2016Wells Fargo & CoReiterated RatingMarket Weight$14.50 -> $10.00N/AView Rating Details
11/3/2016Cowen and CompanyLower Price TargetMarket Perform$18.00 -> $9.00N/AView Rating Details
11/3/2016Leerink SwannReiterated RatingMarket Perform$16.00 -> $9.00N/AView Rating Details
11/3/2016Stifel NicolausLower Price TargetHold$15.00 -> $10.00N/AView Rating Details
11/3/2016Bank of America CorpDowngradeBuy -> Underperform$9.00N/AView Rating Details
11/3/2016Morgan StanleyDowngradeOverweight -> Equal Weight$31.00 -> $11.00N/AView Rating Details
6/1/2016Royal Bank of CanadaLower Price TargetOutperform$45.00 -> $40.00N/AView Rating Details
2/24/2016William BlairReiterated RatingHoldN/AView Rating Details
2/24/2016Sterne Agee CRTReiterated RatingNeutral$18.00N/AView Rating Details
12/9/2015Ladenburg Thalmann Financial ServicesInitiated CoverageNeutral$29.00N/AView Rating Details
9/15/2015Cleveland ResearchInitiated CoverageNeutral$38.00N/AView Rating Details
(Data available from 3/25/2015 forward)

Earnings

Earnings History for Fitbit (NYSE:FIT)
Earnings by Quarter for Fitbit (NYSE:FIT)
Earnings History by Quarter for Fitbit (NYSE:FIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017        
2/22/2017Q416($0.50)($0.56)$576.04 million$574.00 millionViewListenView Earnings Details
11/2/2016Q316$0.19$0.19$506.93 million$503.80 millionViewN/AView Earnings Details
8/2/2016Q216$0.11$0.12$578.48 million$586.50 millionViewN/AView Earnings Details
5/4/2016Q116$0.03$0.10$442.28 million$505.40 millionViewN/AView Earnings Details
2/22/2016Q415$0.25$0.35$647.94 million$711.60 millionViewListenView Earnings Details
11/2/2015Q315$0.10$0.24$350.97 million$409.30 millionViewN/AView Earnings Details
8/5/2015Q215$0.08$0.21$319.02 million$400.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fitbit (NYSE:FIT)
Current Year EPS Consensus Estimate: $-0.35 EPS
Next Year EPS Consensus Estimate: $-0.20 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165($0.06)($0.03)($0.05)
Q2 20162$0.07$0.19$0.13
Q3 20164$0.08$0.12$0.11
Q4 20166($0.63)$0.73($0.22)
Q1 20171($0.24)($0.24)($0.24)
Q2 20171($0.18)($0.18)($0.18)
Q3 20174($0.16)($0.05)($0.10)
Q4 20174($0.14)($0.09)($0.12)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Fitbit (NYSE:FIT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Fitbit (NYSE:FIT)
Insider Ownership Percentage: 37.29%
Institutional Ownership Percentage: 65.31%
Insider Trades by Quarter for Fitbit (NYSE:FIT)
Institutional Ownership by Quarter for Fitbit (NYSE:FIT)
Insider Trades by Quarter for Fitbit (NYSE:FIT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/7/2017Andy MissanEVPSell50,000$5.91$295,500.00View SEC Filing  
3/7/2017Steven Joseph MurrayDirectorSell173,152$6.00$1,038,912.00View SEC Filing  
2/24/2017Timothy M RobertsEVPSell369,385$6.01$2,220,003.85View SEC Filing  
12/5/2016True Venture Partners Ii, L.L.Major ShareholderSell860,000$8.17$7,026,200.00View SEC Filing  
12/1/2016Jon CallaghanDirectorSell15,000$8.51$127,650.00View SEC Filing  
11/7/2016Philip Douglas BlackMajor ShareholderSell50,000$8.73$436,500.00View SEC Filing  
11/1/2016Jon CallaghanDirectorSell15,000$13.07$196,050.00View SEC Filing  
10/6/2016Andy MissanEVPSell10,000$14.60$146,000.00View SEC Filing  
10/3/2016Jon CallaghanDirectorSell15,000$14.84$222,600.00View SEC Filing  
9/6/2016Andy MissanEVPSell15,000$15.14$227,100.00View SEC Filing  
9/1/2016Jon CallaghanDirectorSell15,000$14.91$223,650.00View SEC Filing  
8/30/2016Steven Joseph MurrayDirectorSell151,912$15.07$2,289,313.84View SEC Filing  
8/24/2016Steven Joseph MurrayDirectorSell848,088$15.14$12,840,052.32View SEC Filing  
8/8/2016Andy MissanEVPSell15,000$15.61$234,150.00View SEC Filing  
8/4/2016Jon CallaghanDirectorSell15,000$15.44$231,600.00View SEC Filing  
8/4/2016Philip Douglas BlackMajor ShareholderSell50,000$15.62$781,000.00View SEC Filing  
8/3/2016Andy MissanEVPSell15,000$15.00$225,000.00View SEC Filing  
7/6/2016Andy MissanEVPSell10,000$12.35$123,500.00View SEC Filing  
6/6/2016Andy MissanEVPSell10,000$14.35$143,500.00View SEC Filing  
5/31/2016Steven Joseph MurrayMajor ShareholderSell1,000,000$14.21$14,210,000.00View SEC Filing  
5/25/2016Philip Douglas BlackMajor ShareholderSell25,000$14.01$350,250.00View SEC Filing  
5/16/2016Andy MissanEVPSell2,500$13.87$34,675.00View SEC Filing  
5/6/2016Andy MissanEVPSell10,000$13.32$133,200.00View SEC Filing  
5/3/2016Group Select Fund L.P FoundryMajor ShareholderSell640,032$17.27$11,053,352.64View SEC Filing  
5/2/2016Timothy M RobertsEVPSell47,470$18.10$859,207.00View SEC Filing  
4/18/2016Hansgregory C HartmannCOOSell150,000$17.19$2,578,500.00View SEC Filing  
4/6/2016Andy MissanEVPSell15,000$15.36$230,400.00View SEC Filing  
4/4/2016Timothy M RobertsEVPSell47,470$15.00$712,050.00View SEC Filing  
3/29/2016Group Select Fund L.P FoundryMajor ShareholderSell1,203,932$13.20$15,891,902.40View SEC Filing  
3/7/2016Steven Joseph MurrayMajor ShareholderSell1,000,000$13.07$13,070,000.00View SEC Filing  
2/24/2016Hansgregory C HartmannCOOSell70,000$12.31$861,700.00View SEC Filing  
2/11/2016Group Select Fund L.P FoundryMajor ShareholderSell1,111,850$13.46$14,965,501.00View SEC Filing  
12/9/2015Steven Joseph MurrayDirectorSell266,938$28.13$7,508,965.94View SEC Filing  
12/9/2015True Venture Partners Ii, L.L.Major ShareholderSell1,077,957$28.13$30,322,930.41View SEC Filing  
11/18/2015Andy MissanEVPSell88,500$28.13$2,489,505.00View SEC Filing  
11/18/2015Edward M. ScalinsiderSell707,400$28.13$19,899,162.00View SEC Filing  
11/18/2015Eric N. Friedmanmajor shareholderSell1,113,490$28.13$31,322,473.70View SEC Filing  
11/18/2015Hansgregory C. HartmannCOOSell336,649$28.13$9,469,936.37View SEC Filing  
11/18/2015James ParkCEOSell2,226,980$28.13$62,644,947.40View SEC Filing  
11/18/2015Steven Joseph MurrayDirectorSell936,641$28.13$26,347,711.33View SEC Filing  
11/18/2015William ZerellaCFOSell216,000$28.13$6,076,080.00View SEC Filing  
6/23/2015Eric N FriedmanMajor ShareholderSell1,095,817$18.80$20,601,359.60View SEC Filing  
6/23/2015Jon CallaghanDirectorSell3,133,707$18.80$58,913,691.60View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fitbit (NYSE:FIT)
Latest Headlines for Fitbit (NYSE:FIT)
Source:
DateHeadline
bloomberg.com logoFitbit Moves Toward Trial in Jawbone Trade Secrets Theft Case
www.bloomberg.com - March 24 at 10:25 PM
benzinga.com logoJim Cramer Shares His Thoughts On First Solar And Fitbit
www.benzinga.com - March 24 at 5:23 PM
americanbankingnews.com logoFitbit Inc (FIT) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - March 24 at 1:53 PM
investorplace.com logoWhy Fitbit Inc (FIT) Stock May Never Be Able to Recover
investorplace.com - March 24 at 12:36 PM
finance.yahoo.com logoFitbit Plunges to 52-Week Low: Three Reasons to Stay Away
finance.yahoo.com - March 23 at 5:43 PM
fool.com logoFitbit Shares May Soon Become Too Cheap to Ignore
www.fool.com - March 22 at 10:27 PM
finance.yahoo.com logoFitbit sinks to an all-time low
finance.yahoo.com - March 22 at 5:23 PM
fool.com logoWhy You Should Wait to Buy These 3 Stocks
www.fool.com - March 22 at 5:23 PM
thestreet.com logoApple's Ambitious Augmented Reality Plans Start to Come Into Focus
www.thestreet.com - March 21 at 5:22 PM
barrons.com logoHere's How to Fix Wearables
www.barrons.com - March 21 at 5:22 PM
fool.com logoCan Fitbit Inc's Executive Shakeup Fix its Broken Business? - Motley Fool
www.fool.com - March 21 at 8:41 AM
fool.com logoCan Fitbit Inc's Executive Shakeup Fix its Broken Business?
www.fool.com - March 20 at 9:02 PM
finance.yahoo.com logoInternet Investor Chase Coleman Buys Stake in Virtual Doctor Company Teladoc
finance.yahoo.com - March 20 at 7:28 PM
blogs.barrons.com logoWearables to 'Hyper-Segment,' Says IDC
blogs.barrons.com - March 20 at 7:28 PM
investorplace.com logo3 Reasons Fitbit Inc (FIT) Stock Isn't Going Anywhere But Down - Investorplace.com
investorplace.com - March 19 at 11:01 AM
investorplace.com logo3 Reasons Fitbit Inc (FIT) Stock Isn’t Going Anywhere But Down
investorplace.com - March 17 at 12:27 PM
finance.yahoo.com logoTaking a Look at Whether Wearables Need to Have a New Look
finance.yahoo.com - March 16 at 6:31 PM
thestreet.com logoFossil Is Still Making Billions of Dollars Selling Watches, but Its Stock Looks Like a Broken Clock
www.thestreet.com - March 16 at 6:31 PM
marketwatch.com logoMore GoPro cuts send shares flying, but analysts aren’t buying it
www.marketwatch.com - March 16 at 6:31 PM
fool.com logo178 Million Reasons Why Fitbit Needs an Operations Executive
www.fool.com - March 14 at 9:33 PM
finance.yahoo.com logoJawbone's law firm has abruptly quit representing the company in several cases against Fitbit
finance.yahoo.com - March 14 at 4:32 PM
investorplace.com logoUgly Fitbit Inc (FIT) Stock Isn’t All Out of Hope … Yet
investorplace.com - March 14 at 12:39 PM
investorplace.com logoUgly Fitbit Inc (FIT) Stock Isn’t All Out of Hope … Yet
investorplace.com - March 14 at 11:31 AM
us.rd.yahoo.com logoSnap: Why a Great Product Doesn't Always Make a Great Stock
us.rd.yahoo.com - March 13 at 5:15 PM
finance.yahoo.com logoFitbit, Kroger Dive into Monday’s 52-Week Low Club
finance.yahoo.com - March 13 at 5:15 PM
investorplace.com logoFitbit Has BlackBerry Syndrome (FIT)
investorplace.com - March 13 at 2:22 PM
americanbankingnews.com logoFitbit Inc (FIT) EVP Andy Missan Sells 50,000 Shares
www.americanbankingnews.com - March 8 at 7:01 PM
finance.yahoo.com logo5 Value Traps Every Stock Investor Should Avoid
finance.yahoo.com - March 8 at 6:02 PM
fool.com logo3 Ways Fitbit Stock Can Double From Here
www.fool.com - March 8 at 6:02 PM
fool.com logoThe 3 Problems Under Armour, Fitbit, and GoPro All Share
www.fool.com - March 8 at 6:02 PM
fool.com logo5 Things Fitbit Management Wants You to Know
www.fool.com - March 7 at 10:02 PM
investorplace.com logoThe New Fitbit Alta HR Isn’t Enough to Break the Fitbit Inc (FIT) Slump
investorplace.com - March 7 at 5:01 PM
finance.yahoo.com logoFitbit's new products don't address larger market issues
finance.yahoo.com - March 7 at 5:01 PM
finance.yahoo.com logoFITBIT INC Financials
finance.yahoo.com - March 7 at 5:01 PM
investorplace.com logoThe New Fitbit Alta HR Isn’t Enough to Break the Fitbit Inc (FIT) Slump
investorplace.com - March 7 at 12:26 PM
reuters.com logoBRIEF-Fitbit announces changes to leadership team
www.reuters.com - March 7 at 11:36 AM
finance.yahoo.com logoFitbit Announces Changes to Leadership Team
finance.yahoo.com - March 7 at 11:36 AM
finance.yahoo.com logo5:17 pm Fitbit announces changes to leadership team; takes additional steps towards creating a more 'focused and efficient operating model'
finance.yahoo.com - March 7 at 11:36 AM
biz.yahoo.com logoFITBIT INC Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 7 at 11:36 AM
marketwatch.com logoFitbit reorganizes with health focus; two executives depart
www.marketwatch.com - March 7 at 11:36 AM
finance.yahoo.com logoTime to Cover Your Fitbit Short
finance.yahoo.com - March 7 at 11:36 AM
fool.com logo6 Things You Didn't Know About Fitbit Inc.
www.fool.com - March 6 at 2:27 PM
finance.yahoo.com logoFitbit Introduces Alta HR, the World’s Slimmest Fitness Wristband with Continuous Heart Rate, to Reach Your Health Goals in Style
finance.yahoo.com - March 6 at 9:40 AM
thestreet.com logoFitbit Announces New Sleep Tracking Features
www.thestreet.com - March 6 at 9:40 AM
fool.com logo5 Signs Fitbit Isn’t Dead Yet
www.fool.com - March 5 at 5:02 PM
fool.com logo4 Terrible Reasons to Buy Fitbit Inc. Stock
www.fool.com - March 4 at 5:29 PM
reuters.com logoJawbone knocks out two 'abstract' Fitbit patents
www.reuters.com - March 3 at 10:14 PM
investorplace.com logoSell the Bounce In Fitbit Inc (FIT) Stock - Investorplace.com
investorplace.com - March 3 at 5:13 PM
marketwatch.com logoFitbit losing major ground to Apple and Xiaomi - MarketWatch
www.marketwatch.com - March 3 at 5:13 PM
fool.com logoBetter Buy: Fitbit Inc. vs. Nike Inc. - Motley Fool
www.fool.com - March 3 at 5:13 PM

Social

Frequently Asked Questions for Fitbit (NYSE:FIT)

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) released its quarterly earnings results on Wednesday, February, 22nd. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.50) by $0.06. The business had revenue of $574 million for the quarter, compared to the consensus estimate of $576.04 million. Fitbit had a net margin of 4.67% and a return on equity of 11.94%. Fitbit's revenue was down 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS.

When will Fitbit make its next earnings announcement?

Fitbit is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

What guidance has Fitbit issued on next quarter's earnings?

Fitbit issued an update on its FY17 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of ($0.44)-($0.22) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.37). The company issued revenue guidance of $1.5-1.7 billion, compared to the consensus revenue estimate of $2.39 billion.Fitbit also updated its Q1 guidance to ($0.24)-($0.18) EPS.

Where is Fitbit's stock going? Where will Fitbit's stock price be in 2017?

22 analysts have issued 1 year target prices for Fitbit's shares. Their forecasts range from $5.00 to $40.00. On average, they expect Fitbit's stock price to reach $10.10 in the next year.

What are analysts saying about Fitbit stock?

Here are some recent quotes from research analysts about Fitbit stock:

  • 1. Dougherty & Co analysts commented, "Based on the sell-through indicators we track, the activity tracker market and Fitbit appeared to contract ~15% Y/Y in February. Monthly Google searches for the Fitbit brand were down 15% Y/Y globally in February (vs. -16% Y/Y in January). In the U.S., searches were -28% Y/Y in February vs. -29% Y/Y in January. If we look at searches for all activity tracker brands (including Garmin, Xiaomi, etc.), they were down 15% Y/Y globally in December vs. -19 Y/Y in January. Our sense was that January results may have been distorted by a lack of product announcements for the category at CES, but February showed the contraction to indeed be a trend. Looking at app store rankings, Fitbit appeared comp negatively Y/Y on Valentine's Day, but comp positively most of the balance of the month in the U.S. on both iPhone and Android devices." (3/7/2017)
  • 2. FIX analysts commented, "Following Fitbit's pre-announcement of a 4Q16 worse-than-already-low expectations, the company has taken the first steps in fixing its problems: admitting past failures, shrinking product offering, relaunching software, and finding new markets. Mgm't noted that 4Q's weak sales stemmed from poor inventory management and faster than expected low-end market saturation, not from share loss. Sales going forward will result from: 1) capturing the replacements of the mgmt. estimated 40-80M early adopters and 2) expanding the market through new products/services. We expect 2017 will bring higher end products, more digital health announcements, and most likely another round of expense reductions. We note the out-of-favor name and investor skepticism, but with FIT trading well below 1x EV/sales' We believe the stock currently prices in a near worst-case scenario. It's worth a flyer; maintain Outperform and PT of $8." (2/23/2017)
  • 3. Mizuho analysts commented, "We are further reducing our below consensus 4Q and FY17 estimates and lowering our PT to $6.50 from $9 to reflect surprisingly sharp end user demand slowdown. The stock is now trading at ~0.5x EV/Sales, akin to GPRO's multiple at the height of its struggles in 2016. Despite FIT's leading position within wearables and projected $2.70 cash/share at 4Q-end, slowing category growth, potential domestic saturation, and weak adoption abroad suggest declining unit demand and pressure on ASP for the foreseeable future. Furthermore, while opex cuts and indications to pursue smart watch business are encouraging, we believe lack of topline visibility will continue to pressure the stock." (1/30/2017)
  • 4. According to Zacks Investment Research, "Fitbit Inc. is a manufacturer of wearable fitness tracking devices. The company reported decent third quarter 2016 results with earnings surpassing the Zacks Consensus Estimate and revenues matching the same. For the last one year, the stock has underperformed the Zacks characterised Electronic Measuring Instruments Industry. New products, features and services, increased brand awareness, expanded global distribution and strength in the corporate wellness market continue to be the company’s growth drivers. However, growing competition and increased popularity of smart watches will remain headwinds." (1/9/2017)
  • 5. Deutsche Bank AG analysts commented, "pause" in demand, as consumers who were interested in buying a device have already done so, while consumers sitting on the sidelines haven't found a compelling enough device to buy. This trend could improve, and Fitbit's focus on the health segment could increase adoption, but it will do so at a slower pace.Pebble Acquisition Not MaterialCommenting on Fitbit's acquisition of some of Pebble's assets, including personnel and IP-related to software and firmware development, the analyst noted it is a "positive" (12/8/2016)

Are investors shorting Fitbit?

Fitbit saw a decrease in short interest during the month of March. As of March 15th, there was short interest totalling 41,339,101 shares, a decrease of 7.6% from the February 28th total of 44,739,254 shares. Based on an average daily volume of 8,653,869 shares, the short-interest ratio is presently 4.8 days. Approximately 28.5% of the shares of the stock are short sold.

When did Fitbit IPO?

(FIT) raised $448 million in an 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 acted as the underwriters for the IPO and Barclays, SunTrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

Who owns Fitbit stock?

Fitbit's stock is owned by a number of of retail and institutional investors. Top institutional investors include Foundry Group LLC (3.04%), State Street Corp (0.73%), Pinnacle Associates Ltd. (0.70%), Renaissance Technologies LLC (0.61%), Royce & Associates LP (0.59%) and Marble Arch Investments LP (0.56%). Company insiders that own Fitbit stock include Andy Missan, Edward M Scal, Eric N Friedman, Group Select Fund LP Foundry, Hansgregory C Hartmann, James Park, Jon Callaghan, Philip Douglas Black, Steven Joseph Murray, Timothy M Roberts, True Venture Partners Ii, LL and William Zerella.

Who sold Fitbit stock? Who is selling Fitbit stock?

Fitbit's stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Renaissance Technologies LLC, Pinnacle Associates Ltd., Integre Asset Management LLC, Royce & Associates LP, I.G. Investment Management LTD., AQR Capital Management LLC and Dimensional Fund Advisors LP. Company insiders that have sold Fitbit stock in the last year include Andy Missan, Group Select Fund LP Foundry, Hansgregory C Hartmann, Jon Callaghan, Philip Douglas Black, Steven Joseph Murray, Timothy M Roberts and True Venture Partners Ii, LL.

Who bought Fitbit stock? Who is buying Fitbit stock?

Fitbit's stock was acquired by a variety of institutional investors in the last quarter, including Foundry Group LLC, Marble Arch Investments LP, Norges Bank, Artemis Investment Management LLP, Carve CapitalAB, Quinn Opportunity Partners LLC, Brown Advisory Inc. and Ecofin Ltd..

How do I buy Fitbit stock?

Shares of Fitbit can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Fitbit stock cost?

One share of Fitbit stock can currently be purchased for approximately $5.40.

Fitbit (FIT) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by MarketBeat.com Staff