NYSE:FIT - Fitbit Stock Price, News & Analysis

$3.14
+0.12 (+3.97 %)
(As of 08/23/2019 07:07 AM ET)
Today's Range
$3.00
Now: $3.14
$3.15
50-Day Range
$2.87
MA: $3.84
$4.47
52-Week Range
$2.85
Now: $3.14
$6.96
Volume3.83 million shs
Average Volume7.18 million shs
Market Capitalization$811.22 million
P/E RatioN/A
Dividend YieldN/A
Beta1.48
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$2.42 per share

Profitability

Net Income$-185,830,000.00

Miscellaneous

Employees1,694
Market Cap$811.22 million
Next Earnings Date10/30/2019 (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) issued its quarterly earnings data on Wednesday, July, 31st. The scientific and technical instruments company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. The scientific and technical instruments company had revenue of $313.56 million for the quarter, compared to analyst estimates of $311.59 million. Fitbit had a negative return on equity of 15.67% and a negative net margin of 8.69%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.22) 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, October 30th 2019. View Earnings Estimates for Fitbit.

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

Fitbit issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of ($0.38-0.31) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.15). The company issued revenue guidance of $1.43-1.48 billion, compared to the consensus revenue estimate of $1.56 billion.

What price target have analysts set for FIT?

5 equities research analysts have issued 12 month price objectives for Fitbit's stock. Their forecasts range from $2.00 to $8.00. On average, they expect Fitbit's share price to reach $4.80 in the next twelve months. This suggests a possible upside of 52.9% from the stock's current price. View Analyst Price Targets for Fitbit.

What is the consensus analysts' recommendation for Fitbit?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 1 sell rating, 2 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?

Press coverage about FIT stock has been trending positive on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. 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 news sentiment score of 2.5 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Fitbit.

Are investors shorting Fitbit?

Fitbit saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 26,315,000 shares, an increase of 6.0% from the June 30th total of 24,836,100 shares. Based on an average daily trading volume, of 4,870,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 12.3% of the shares of the stock 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), Actinium Pharmaceuticals (ATNM), Netflix (NFLX), Twitter (TWTR), NVIDIA (NVDA), Tesla (TSLA), GoPro (GPRO), Micron Technology (MU), General Electric (GE) and Alibaba Group (BABA).

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 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 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.23%), DNB Asset Management AS (9.92%), BlackRock Inc. (8.57%), Renaissance Technologies LLC (2.94%), Artemis Investment Management LLP (1.54%) and Northern Trust Corp (1.02%). Company insiders that own Fitbit stock include Andy Missan, 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 Balyasny Asset Management LLC, JPMorgan Chase & Co., Bank of Montreal Can, A.R.T. Advisors LLC, Point72 Asset Management L.P., Commerzbank Aktiengesellschaft FI, AXA and Parametric Portfolio Associates LLC. Company insiders that have sold Fitbit company stock in the last year include Andy Missan 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 DNB Asset Management AS, BlackRock Inc., Vanguard Group Inc., Renaissance Technologies LLC, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, D. E. Shaw & Co. Inc. and Panagora 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, Scottrade, Fidelity and Charles Schwab.

What is Fitbit's stock price today?

One share of FIT stock can currently be purchased for approximately $3.14.

How big of a company is Fitbit?

Fitbit has a market capitalization of $811.22 million 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:  754 (Vote Outperform)
Underperform Votes:  743 (Vote Underperform)
Total Votes:  1,497
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 8/23/2019 by MarketBeat.com Staff

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