NYSE:FIT - Fitbit Stock Price, News, & Analysis

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$5.98 +0.05 (+0.84 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$5.93
Today's Range$5.91 - $6.08
52-Week Range$4.23 - $7.79
Volume5.10 million shs
Average Volume5.20 million shs
Market Capitalization$1.30 billion
P/E Ratio-9.97
Dividend YieldN/A
Beta1.7
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.

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Industry, Sector and Symbol

Industry Electronic computers
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone415-513-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.51 billion
Book Value$3.39 per share

Profitability

Net Income$-185,830,000.00

Miscellaneous

Employees1,694
Market Cap$1.30 billion
Next Earnings Date5/1/2019 (Estimated)
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) announced its earnings results on Wednesday, February, 27th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The scientific and technical instruments company had revenue of $571.20 million for the quarter, compared to analyst estimates of $569.30 million. Fitbit had a negative net margin of 12.29% and a negative return on equity of 19.03%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS. View Fitbit's Earnings History.

When is Fitbit's next earnings date?

Fitbit is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Fitbit.

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

Fitbit updated its first quarter earnings guidance on Wednesday, February, 27th. The company provided EPS guidance of -$0.24 to -$0.22 for the period, compared to the Thomson Reuters consensus estimate of ($0.16). The company issued revenue guidance of $250 million to $268 million, compared to the consensus revenue estimate of $272.34 million.Fitbit also updated its FY 2019 guidance to EPS.

What price target have analysts set for FIT?

9 brokers have issued 12 month target prices for Fitbit's stock. Their forecasts range from $4.00 to $8.00. On average, they expect Fitbit's stock price to reach $6.0714 in the next year. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Fitbit.

What is the consensus analysts' recommendation for Fitbit?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fitbit.

Has Fitbit been receiving favorable news coverage?

Headlines about FIT stock have trended somewhat positive on Wednesday, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. 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 coverage optimism score of 1.3 on InfoTrie's scale. They also assigned news articles about the scientific and technical instruments company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.

Who are some of Fitbit's key competitors?

What other stocks do shareholders of Fitbit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include Tesla (TSLA), Netflix (NFLX), Twitter (TWTR), Micron Technology (MU), NVIDIA (NVDA), GoPro (GPRO), General Electric (GE), Intel (INTC), Alibaba Group (BABA) and Bank of America (BAC).

Who are Fitbit's key executives?

Fitbit's management team includes the folowing people:
  • Mr. James Park, Co-Founder, Chairman, CEO & Pres (Age 43)
  • Mr. Eric N. Friedman, Co-Founder, CTO & Director (Age 42)
  • Mr. Jeffrey P. Devine, Exec. VP of Operations (Age 58)
  • Mr. Andrew P. Missan, Exec. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Ronald W. Kisling, Chief Financial Officer (Age 58)

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 acted 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 number of of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (9.58%), BlackRock Inc. (7.69%), Dimensional Fund Advisors LP (2.15%), Dimensional Fund Advisors LP (2.15%), Bellevue Group AG (1.48%) and Canada Pension Plan Investment Board (1.46%). Company insiders that own Fitbit stock include Andy Missan, Christopher B Paisley, Glenda J Flanagan, Jon Callaghan and Steven Joseph Murray. View Institutional Ownership Trends for Fitbit.

Which institutional investors are selling Fitbit stock?

FIT stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Quinn Opportunity Partners LLC, Bank of America Corp DE, Commerzbank Aktiengesellschaft FI, California Public Employees Retirement System, MetLife Investment Advisors LLC, New York State Common Retirement Fund and Harel Insurance Investments & Financial Services Ltd.. 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 institutional investors are buying Fitbit stock?

FIT stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Squarepoint Ops LLC, Bellevue Group AG, Intellectus Partners LLC, Geode Capital Management LLC, Geode Capital Management LLC and Dimensional Fund Advisors LP. 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 $5.98.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.30 billion and generates $1.51 billion in revenue each year. The scientific and technical instruments company earns $-185,830,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. Fitbit employs 1,694 workers across the globe.

What is Fitbit's official website?

The official website for Fitbit is http://www.fitbit.com.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  729 (Vote Outperform)
Underperform Votes:  717 (Vote Underperform)
Total Votes:  1,446
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.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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