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NYSE:FITFitbit Stock Price, Forecast & News

$6.24
+0.01 (+0.16 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$6.20
Now: $6.24
$6.36
50-Day Range
$6.26
MA: $6.62
$6.89
52-Week Range
$2.81
Now: $6.24
$7.26
Volume6.65 million shs
Average Volume5.03 million shs
Market Capitalization$1.48 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.99
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. It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data from its wearable devices; Fitbit Coach that offers exercise programs through personal trainer and yoga apps; and Fitbit Care, a connected health platform for health plans, employers, and health systems. 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; distributor; 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.03 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.43 billion
Book Value$2.13 per share

Profitability

Net Income$-320,710,000.00

Miscellaneous

Employees1,684
Market Cap$1.48 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Fitbit (NYSE:FIT) Frequently Asked Questions

How has Fitbit's stock been impacted by COVID-19 (Coronavirus)?

Fitbit's stock was trading at $6.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FIT shares have increased by 0.0% and is now trading at $6.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Fitbit's next earnings date?

Fitbit is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Fitbit.

How were Fitbit's earnings last quarter?

Fitbit Inc (NYSE:FIT) posted its quarterly earnings results on Wednesday, May, 6th. The scientific and technical instruments company reported ($0.24) EPS for the quarter, hitting the consensus estimate of ($0.24). The scientific and technical instruments company earned $188.16 million during the quarter, compared to analyst estimates of $270 million. Fitbit had a negative return on equity of 41.63% and a negative net margin of 16.35%. View Fitbit's earnings history.

What price target have analysts set for FIT?

7 brokers have issued 12 month price objectives for Fitbit's shares. Their forecasts range from $4.00 to $7.35. On average, they anticipate Fitbit's stock price to reach $6.76 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View analysts' price targets for Fitbit.

Has Fitbit been receiving favorable news coverage?

Media headlines about FIT stock have trended positive recently, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fitbit earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutFitbit.

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), Tesla (TSLA), Twitter (TWTR), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA) and Walt Disney (DIS).

Who are Fitbit's key executives?

Fitbit's management team includes the following 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 served as the underwriters for the IPO and Barclays, SunTrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

What is Fitbit's stock symbol?

Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."

Who are Fitbit's major shareholders?

Fitbit's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.93%), Magnetar Financial LLC (4.83%), CNH Partners LLC (2.70%), State Street Corp (2.30%), Alpine Associates Management Inc. (1.71%) and ARP Americas LP (1.68%). Company insiders that own Fitbit stock include Andy Missan, James Park, Ronald W Kisling 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 CNH Partners LLC, UBS Group AG, Magnetar Financial LLC, SG Americas Securities LLC, Healthcare of Ontario Pension Plan Trust Fund, Investors Financial Group LLC, Public Sector Pension Investment Board, and Geode Capital Management LLC. Company insiders that have sold Fitbit company stock in the last year include Andy Missan, James Park, and Ronald W Kisling. View insider buying and selling activity for Fitbit.

Which institutional investors are buying Fitbit stock?

FIT stock was bought by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., ARP Americas LP, WINTON GROUP Ltd, IndexIQ Advisors LLC, Alpine Global Management LLC, Calamos Advisors LLC, BlackRock Inc., and State Street Corp. View insider buying and selling activity 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 $6.24.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.48 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments company earns $-320,710,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis. Fitbit employs 1,684 workers across the globe.

What is Fitbit's official website?

The official website for Fitbit is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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