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

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$5.70 +0.24 (+4.40 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$5.70
Today's Range$5.38 - $5.75
52-Week Range$4.51 - $7.79
Volume3.80 million shs
Average Volume6.05 million shs
Market Capitalization$1.18 billion
P/E Ratio-8.77
Dividend YieldN/A
Beta1.76
Fitbit logoFitbit, 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

Stock Exchange NYSE
Industry Electronic computers
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:FIT
CUSIPN/A
Phone415-513-1000

Debt

Debt-to-Equity RatioN/A
Current Ratio1.89
Quick Ratio1.65

Price-To-Earnings

Trailing P/E Ratio-8.77
Forward P/E Ratio-8.14
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.62 billion
Price / Sales0.76
Cash FlowN/A
Price / CashN/A
Book Value$4.01 per share
Price / Book1.42

Profitability

EPS (Most Recent Fiscal Year)($0.65)
Net Income$-277,190,000.00
Net Margins-23.70%
Return on Equity-25.74%
Return on Assets-13.91%

Miscellaneous

Employees1,749
Outstanding Shares214,090,000
Market Cap$1.18 billion

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) released its quarterly earnings data on Wednesday, August, 1st. The scientific and technical instruments company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.02. The scientific and technical instruments company had revenue of $299.34 million for the quarter, compared to the consensus estimate of $285.40 million. Fitbit had a negative return on equity of 25.74% and a negative net margin of 23.70%. The firm's revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. View Fitbit's Earnings History.

When is Fitbit's next earnings date?

Fitbit is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Fitbit.

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

Fitbit updated its third quarter earnings guidance on Wednesday, August, 1st. The company provided earnings per share (EPS) guidance of ($0.02)-$0.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $370-390 million, compared to the consensus revenue estimate of $377.61 million.

What price target have analysts set for FIT?

15 equities research analysts have issued 1 year price targets for Fitbit's shares. Their predictions range from $4.00 to $8.00. On average, they expect Fitbit's share price to reach $6.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Fitbit.

What is the consensus analysts' recommendation for Fitbit?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 3 sell ratings, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fitbit.

Are investors shorting Fitbit?

Fitbit saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 39,939,101 shares, an increase of 12.8% from the July 13th total of 35,420,209 shares. Based on an average daily trading volume, of 4,613,940 shares, the short-interest ratio is presently 8.7 days. Currently, 19.4% of the shares of the stock 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 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.

Has Fitbit been receiving favorable news coverage?

Media coverage about FIT stock has been trending positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fitbit earned a daily sentiment score of 0.32 on Accern's scale. They also assigned press coverage about the scientific and technical instruments company an impact score of 42.66 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Fitbit.

Who are Fitbit's major shareholders?

Fitbit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include DnB Asset Management AS (8.15%), BlackRock Inc. (7.07%), Renaissance Technologies LLC (3.81%), Sumitomo Mitsui Asset Management Company LTD (2.30%), Dimensional Fund Advisors LP (1.24%) and Canada Pension Plan Investment Board (1.00%). Company insiders that own Fitbit stock include Andy Missan, Christopher B Paisley, Glenda J Flanagan, Jon Callaghan, Philip Douglas Black, Steven Joseph Murray, Timothy M Roberts and True Venture Partners Ii, LL. 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, Sumitomo Mitsui Asset Management Company LTD, BlackRock Inc., Alambic Investment Management L.P., Engineers Gate Manager LP, Bellevue Group AG, California Public Employees Retirement System and Federated Investors Inc. PA. 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 purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Canada Pension Plan Investment Board, Renaissance Technologies LLC, SG Americas Securities LLC, Senvest Management LLC, Point72 Asset Management L.P., EAM Investors LLC and Schwab Charles Investment Management Inc.. 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 $5.70.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.18 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.

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:  676 (Vote Outperform)
Underperform Votes:  672 (Vote Underperform)
Total Votes:  1,348
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 8/19/2018 by MarketBeat.com Staff

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