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Fitbit Stock Price, News & Analysis (NYSE:FIT)

$4.17
+0.31 (+8.03 %)
(As of 10/21/2019 04:00 PM ET)
Today's Range
$3.89
Now: $4.17
$4.21
50-Day Range
$2.99
MA: $3.65
$4.18
52-Week Range
$2.81
Now: $4.17
$6.96
Volume9.27 million shs
Average Volume6.77 million shs
Market Capitalization$1.08 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.59
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$3.39 per share

Profitability

Net Income$-185,830,000.00

Miscellaneous

Employees1,694
Market Cap$1.08 billion
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) posted its earnings results on Wednesday, July, 31st. The scientific and technical instruments company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.03. The scientific and technical instruments company earned $313.56 million during the quarter, compared to analyst estimates of $311.59 million. Fitbit had a negative net margin of 8.69% and a negative return on equity of 15.67%. Fitbit's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm 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 earnings per share (EPS) guidance of ($0.38-0.31) for the period, compared to the Thomson Reuters consensus 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 Wall Street analysts have issued twelve-month price targets for Fitbit's stock. Their forecasts range from $2.00 to $8.00. On average, they anticipate Fitbit's stock price to reach $4.76 in the next year. This suggests a possible upside of 13.9% 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?

News headlines about FIT stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fitbit earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Fitbit.

Are investors shorting Fitbit?

Fitbit saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 25,390,000 shares, an increase of 10.5% from the August 30th total of 22,970,000 shares. Based on an average daily volume of 5,660,000 shares, the short-interest ratio is currently 4.5 days. Approximately 11.4% of the shares of the stock are sold short. 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), Alibaba Group (BABA) and General Electric (GE).

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 many different of institutional and retail investors. Top institutional investors include DNB Asset Management AS (9.88%) and Commerzbank Aktiengesellschaft FI (0.04%). Company insiders that own Fitbit stock include Andy Missan, 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 Commerzbank Aktiengesellschaft FI. 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 acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS. 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, Robinhood, Fidelity and Charles Schwab.

What is Fitbit's stock price today?

One share of FIT stock can currently be purchased for approximately $4.18.

How big of a company is Fitbit?

Fitbit has a market capitalization of $1.08 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.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]it.com.


MarketBeat Community Rating for Fitbit (NYSE FIT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  761 (Vote Outperform)
Underperform Votes:  753 (Vote Underperform)
Total Votes:  1,514
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 10/21/2019 by MarketBeat.com Staff

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