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Fitbit Stock Price, Forecast & Analysis (NYSE:FIT)

$6.75
-0.05 (-0.74 %)
(As of 11/19/2019 08:44 AM ET)
Today's Range
$6.73
Now: $6.75
$6.82
50-Day Range
$3.34
MA: $5.10
$7.15
52-Week Range
$2.81
Now: $6.75
$7.26
Volume7.91 million shs
Average Volume31.21 million shs
Market Capitalization$1.54 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.71
Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Ace, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic and Fitbit Versa 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. Read More…

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$1.54 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 quarterly earnings results on Wednesday, November, 6th. The scientific and technical instruments company reported ($0.10) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.10). The scientific and technical instruments company had revenue of $347.20 million for the quarter, compared to analysts' expectations of $346.33 million. Fitbit had a negative net margin of 12.27% and a negative return on equity of 21.76%. View Fitbit's Earnings History.

When is Fitbit's next earnings date?

Fitbit is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Fitbit.

What price target have analysts set for FIT?

7 equities research analysts have issued 12 month price objectives for Fitbit's stock. Their forecasts range from $4.00 to $7.35. On average, they expect Fitbit's share price to reach $6.76 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Price Targets for Fitbit.

What is the consensus analysts' recommendation for Fitbit?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fitbit.

Has Fitbit been receiving favorable news coverage?

News coverage about FIT stock has trended very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news 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 news impact score of -3.9 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Fitbit.

Are investors shorting Fitbit?

Fitbit saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 29,260,000 shares, an increase of 15.2% from the September 15th total of 25,390,000 shares. Based on an average daily trading volume, of 6,450,000 shares, the short-interest ratio is presently 4.5 days. Currently, 13.1% of the shares of the company are short sold. View Fitbit's Current Options Chain.

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 Paypal (PYPL), Netflix (NFLX), Actinium Pharmaceuticals (ATNM), Twitter (TWTR), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Bank of America (BAC), Intel (INTC) and Micron Technology (MU).

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 $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 (9.88%), California Public Employees Retirement System (0.18%), Berkeley Capital Partners LLC (0.14%), Rhumbline Advisers (0.13%), Russell Investments Group Ltd. (0.12%) and Commerzbank Aktiengesellschaft FI (0.04%). Company insiders that own Fitbit stock include Andy Missan, Jon Callaghan and Steven Joseph Murray. 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 Commerzbank Aktiengesellschaft FI, Great West Life Assurance Co. Can and SG Americas Securities LLC. View Insider Buying and Selling for Fitbit.

Which major investors are buying Fitbit stock?

FIT stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Berkeley Capital Partners LLC, Russell Investments Group Ltd., Virginia Retirement Systems ET AL, California Public Employees Retirement System, Rhumbline Advisers, FNY Investment Advisers LLC and North Star Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Fitbit's stock price today?

One share of FIT stock can currently be purchased for approximately $6.75.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.54 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.View Additional Information About Fitbit.

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:  767 (Vote Outperform)
Underperform Votes:  765 (Vote Underperform)
Total Votes:  1,532
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 11/19/2019 by MarketBeat.com Staff

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