Fitbit, Inc. (NYSE:FIT) Director Steven Joseph Murray sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $5.73, for a total value of $2,865,000.00. Following the transaction, the director now directly owns 11,442 shares in the company, valued at $65,562.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Steven Joseph Murray also recently made the following trade(s):

  • On Friday, May 26th, Steven Joseph Murray sold 500,000 shares of Fitbit stock. The stock was sold at an average price of $5.33, for a total value of $2,665,000.00.

Shares of Fitbit, Inc. (FIT) traded up 0.68% during midday trading on Wednesday, hitting $5.93. The stock had a trading volume of 5,807,646 shares. The firm has a 50-day moving average of $5.35 and a 200 day moving average of $5.75. Fitbit, Inc. has a 12-month low of $4.90 and a 12-month high of $17.18. The firm’s market cap is $1.37 billion.

Fitbit (NYSE:FIT) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. Fitbit had a negative return on equity of 20.15% and a negative net margin of 13.79%. The company had revenue of $353.30 million during the quarter, compared to the consensus estimate of $341.24 million. During the same quarter last year, the company earned $0.12 EPS. The company’s quarterly revenue was down 39.8% on a year-over-year basis. On average, analysts expect that Fitbit, Inc. will post ($0.31) earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the company. DnB Asset Management AS increased its stake in shares of Fitbit by 81.2% in the first quarter. DnB Asset Management AS now owns 10,363,503 shares of the scientific and technical instruments company’s stock worth $61,352,000 after buying an additional 4,644,977 shares in the last quarter. State Street Corp increased its stake in shares of Fitbit by 14.0% in the fourth quarter. State Street Corp now owns 1,631,848 shares of the scientific and technical instruments company’s stock worth $11,946,000 after buying an additional 199,927 shares in the last quarter. AlpInvest Partners B.V. increased its stake in shares of Fitbit by 220.6% in the first quarter. AlpInvest Partners B.V. now owns 617,547 shares of the scientific and technical instruments company’s stock worth $3,656,000 after buying an additional 424,942 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Fitbit by 36.9% in the first quarter. Quantbot Technologies LP now owns 93,661 shares of the scientific and technical instruments company’s stock worth $554,000 after buying an additional 25,256 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Fitbit by 10.3% in the first quarter. Swiss National Bank now owns 238,200 shares of the scientific and technical instruments company’s stock worth $1,410,000 after buying an additional 22,300 shares in the last quarter. Institutional investors own 55.71% of the company’s stock.

Several research firms recently commented on FIT. Deutsche Bank AG reissued a “hold” rating and set a $5.50 price target on shares of Fitbit in a research report on Wednesday. Zacks Investment Research raised Fitbit from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $8.00 price target on shares of Fitbit in a research report on Friday, August 4th. Benchmark Co. reissued a “buy” rating on shares of Fitbit in a research report on Thursday, August 3rd. Finally, Longbow Research reissued a “hold” rating on shares of Fitbit in a research report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.93.

About Fitbit

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.

Insider Buying and Selling by Quarter for Fitbit (NYSE:FIT)

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