Fitbit, Inc. (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $6.29, for a total transaction of $94,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jon Callaghan also recently made the following trade(s):

  • On Monday, October 2nd, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $6.89, for a total transaction of $103,350.00.
  • On Friday, September 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $5.90, for a total transaction of $88,500.00.

Fitbit, Inc. (NYSE:FIT) opened at $6.02 on Friday.

Fitbit (NYSE:FIT) last announced its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $392.50 million for the quarter, compared to the consensus estimate of $391.70 million. Fitbit had a negative net margin of 23.35% and a negative return on equity of 27.36%. The company’s revenue was down 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. analysts expect that Fitbit, Inc. will post -0.52 EPS for the current year.

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A number of equities analysts have weighed in on FIT shares. BidaskClub downgraded shares of Fitbit from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Vetr downgraded shares of Fitbit from a “buy” rating to a “sell” rating and set a $4.83 target price for the company. in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Fitbit from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Morgan Stanley decreased their target price on shares of Fitbit from $7.00 to $6.50 and set an “equal weight” rating for the company in a research note on Monday, July 31st. Finally, Dougherty & Co reaffirmed a “neutral” rating on shares of Fitbit in a research note on Monday, July 31st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Fitbit currently has a consensus rating of “Hold” and an average price target of $7.30.

Several hedge funds have recently made changes to their positions in FIT. Principal Financial Group Inc. bought a new stake in shares of Fitbit during the 2nd quarter valued at $114,000. Amalgamated Bank raised its position in shares of Fitbit by 20.1% during the 2nd quarter. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 3,698 shares during the period. Kissinger Financial Services LLC bought a new stake in shares of Fitbit during the 2nd quarter valued at $153,000. Fortaleza Asset Management Inc. bought a new stake in shares of Fitbit during the 3rd quarter valued at $154,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Fitbit during the 2nd quarter valued at $157,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

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.

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

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