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

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$6.05 -0.01 (-0.17 %)
(As of 03/22/2019 10:01 AM ET)
Previous Close$6.06
Today's Range$6.03 - $6.06
52-Week Range$4.23 - $7.79
Volume12,189 shs
Average Volume7.04 million shs
Market Capitalization$1.31 billion
P/E Ratio-10.06
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$1.31 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) issued its earnings results on Wednesday, February, 27th. The scientific and technical instruments company reported $0.07 EPS for the quarter. The scientific and technical instruments company earned $571.20 million during the quarter, compared to analyst estimates of $569.30 million. Fitbit had a negative return on equity of 19.03% and a negative net margin of 12.29%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company 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 issued an update on 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 earnings per share 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 analysts have issued twelve-month price objectives for Fitbit's stock. Their predictions range from $4.00 to $8.00. On average, they expect Fitbit's stock price to reach $6.0714 in the next twelve months. This suggests a possible upside of 0.4% 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?

Media coverage about FIT stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fitbit earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the near future.

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), Micron Technology (MU), Twitter (TWTR), 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 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 many different of retail and institutional 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 $6.05.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.31 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:  730 (Vote Outperform)
Underperform Votes:  717 (Vote Underperform)
Total Votes:  1,447
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 3/22/2019 by MarketBeat.com Staff

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