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

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$5.38 0.00 (0.00 %)
(As of 04/21/2019 04:00 PM ET)
Previous Close$5.38
Today's Range$5.33 - $5.44
52-Week Range$4.23 - $7.79
Volume3.60 million shs
Average Volume3.61 million shs
Market Capitalization$1.20 billion
P/E RatioN/A
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 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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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$1.20 billion
Next Earnings Date5/1/2019 (Confirmed)
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 quarterly 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 had revenue of $571.20 million for the quarter, compared to analysts' expectations of $569.30 million. Fitbit had a negative return on equity of 19.03% and a negative net margin of 12.29%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm 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.

How can I listen to Fitbit's earnings call?

Fitbit will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883948218.

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 earnings per share guidance of -$0.24 to -$0.22 for the period, compared to the Thomson Reuters consensus EPS 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 brokerages 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 stock price to reach $6.0714 in the next twelve months. This suggests a possible upside of 12.9% 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 headlines about FIT stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fitbit earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned news stories about the scientific and technical instruments company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

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), Micron Technology (MU), GoPro (GPRO), 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 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 shareholders include DNB Asset Management AS (7.36%), Strs Ohio (0.07%), Virtu Financial LLC (0.06%) and Harel Insurance Investments & Financial Services Ltd. (0.00%). 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 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 and Harel Insurance Investments & Financial Services Ltd.. 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 major investors are buying Fitbit stock?

FIT stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio and Virtu Financial LLC. 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 $5.38.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.20 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:  733 (Vote Outperform)
Underperform Votes:  721 (Vote Underperform)
Total Votes:  1,454
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 4/21/2019 by MarketBeat.com Staff

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