Fitbit Inc (FIT) Director Jon Callaghan Sells 15,000 Shares
Fitbit Inc (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $4.76, for a total value of $71,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jon Callaghan also recently made the following trade(s):
- On Thursday, February 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $5.17, for a total value of $77,550.00.
- On Tuesday, January 2nd, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $5.91, for a total value of $88,650.00.
Shares of Fitbit Inc (NYSE:FIT) traded up $0.17 on Friday, hitting $4.97. The company’s stock had a trading volume of 7,088,892 shares, compared to its average volume of 6,900,000. Fitbit Inc has a one year low of $4.67 and a one year high of $7.32. The firm has a market cap of $1,180.00 and a price-to-earnings ratio of -4.18.
A number of research firms have weighed in on FIT. Robert W. Baird restated a “hold” rating on shares of Fitbit in a report on Tuesday. Wedbush restated a “neutral” rating and issued a $6.00 price target (down previously from $6.50) on shares of Fitbit in a report on Tuesday. Morgan Stanley set a $5.00 price target on Fitbit and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research cut Fitbit from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Bank of America restated an “underperform” rating on shares of Fitbit in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Fitbit currently has an average rating of “Hold” and an average price target of $6.85.
Fitbit Company Profile
Fitbit, Inc is a provider of health and fitness devices. 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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