Science

A Look Ahead For 2 Stocks: Fitbit, Inc. (FIT), Intel Corporation

A Look Ahead For 2 Stocks: Fitbit, Inc. (FIT), Intel Corporation

Vetr cut shares of Fitbit from a "buy" rating to a "sell" rating and set a $4.83 price target for the company.in a research report on Wednesday. Deutsche Bank AG decreased their price target on Fitbit from $6.50 to $6.00 and set a hold rating for the company in a research report on Monday, May 15th.

Shares of Fitbit, Inc. BidaskClub downgraded Fitbit from a "sell" rating to a "strong sell" rating in a report on Wednesday.

Fitbit, Inc. (FIT) knifed -0.19 percent lower and now trades for $5.23. After a recent check, 0 analyst has rated the stock with a sell rating, 0 have assigned a hold rating, 0 says it's a buy, and 0 have assigned an Outperform rating to the company, according to Reuters.

The consensus recommendation, according to Zacks Investment research, is 2.88. Additionally, Fitbit, Inc. (FIT) stock price has gone up by 1.75% over the last 20 trading days, and its price is -69.50% below the 52-week high.

Fitbit, Inc. (FIT)'s RSI (Relative Strength Index) is 52.24.

In other news, EVP Andy Missan sold 10,000 shares of the company's stock in a transaction on Thursday, June 1st. Fitbit, Inc.is now trading 0.51% above its 20-day and -31.38% versus the 200-day simple moving averages while -4.28% compared with its 50-day simple moving average.




Benchmark "Initiates Coverage On" Fitbit Inc (NYSE:FIT) in a research note issued to investors on 4/25/17 to Buy with price target of $10. Recently, the equity stands -68.13% away from the 52-week high and 11.73% from the 52-week low. We have $6.18 PT which if reached, will make NYSE:FIT worth $119.70M more. Analysts are forecasting earnings of $-0.22 on a per share basis this quarter. The firm had revenue of $298.94 million during the quarter, compared to analysts' expectations of $277.48 million.

COPYRIGHT VIOLATION NOTICE: "ValuEngine Downgrades Fitbit, Inc". If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright law. Croft Leominster Inc. acquired a new position in shares of Fitbit during the first quarter valued at $166,000.

In other Fitbit news, Director Steven Joseph Murray sold 500,000 shares of the business's stock in a transaction dated Friday, May 26th. Its book value per share for the most recent quarter is $4.26 while its price to book ratio for the same period is 1.26, as for as the company's cash per share for the most recent quarter is $3.12, however its price to cash per share ratio for the same period is 1.72. Following the sale, the director now owns 11,442 shares in the company, valued at approximately $60,985.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Following the acquisition, the director now owns 36,442 shares in the company, valued at $196,422.38. The shares were sold at an average price of $5.57, for a total value of $55,700.00.

FIT has been the subject of several research reports. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 525,000 shares of company stock valued at $2,800,350.

Want to see what other hedge funds are holding FIT? GSA Capital Partners LLP purchased a new position in shares of Fitbit during the fourth quarter valued at about $400,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Fitbit during the first quarter valued at $24,404,000.

Analysts are also projecting an Average Revenue Estimate for Fitbit Inc.as $341170 in the Current Quarter. HighTower Advisors LLC acquired a new position in shares of Fitbit during the first quarter valued at $185,000. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.


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