Featured Stock: Fitbit Inc. (FIT)

Postado Novembro 09, 2017

Equities research analysts at Wedbush raised their Q3 2017 earnings per share (EPS) estimates for shares of Fitbit in a report released on Thursday, Zacks Investment Research reports.

The correct version of this piece of content can be read at https://weekherald.com/2017/11/08/brokers-issue-forecasts-for-fitbit-inc-s-q3-2017-earnings-fit.html. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 19.76 and a beta of 2.73.

With a total market value of $0, Finning International has with a one year low of $0.00 and a one year high of $0.00. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and global trademark and copyright legislation. Mizuho set a $20.00 price target on shares of Fitbit and gave the company a "buy" rating in a research report on Thursday, September 29th. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Fitbit had a negative net margin of 23.35% and a negative return on equity of 27.36%.

Morgan Stanley "Maintained" Fitbit Inc (NYSE:FIT) in a research note issued to investors on 10/20/17 to Equal-Weight with price target of $7. ValuEngine upgraded shares of Fitbit from a "strong sell" rating to a "sell" rating in a report on Friday, September 15th. Wedbush analyst M. Pachter now expects that the scientific and technical instruments company will post earnings of ($0.08) per share for the quarter, up from their previous forecast of ($0.11). Fitbit has a consensus rating of Hold and an average price target of $7.30. In contrast to the year ago quarter EPS was at 0. The firm earned $503.80 million during the quarter, compared to analysts' expectations of $506.93 million. The shares were sold at an average price of $14.60, for a total transaction of $146,000.00.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Following the transaction, the executive vice president now owns 110,133 shares in the company, valued at approximately $770,931. Also, Director Jon Callaghan sold 15,000 shares of the company's stock in a transaction that occurred on Monday, October 3rd.

Valuation Ratios of Fitbit, Inc. Fitbit, Inc. has a 52 week low of $4.90 and a 52 week high of $9.75. Vanguard Group Inc. boosted its position in Fitbit by 13.9% during the 2nd quarter. DnB Asset Management AS boosted its position in Fitbit by 57.8% during the 2nd quarter. Corporate insiders own 37.29% of the company's stock.

This article was originally published by and is the sole property of American Banking News. HighTower Advisors LLC now owns 32,831 shares of the scientific and technical instruments company's stock worth $174,000 after buying an additional 1,735 shares in the last quarter. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company's stock worth $117,000 after purchasing an additional 3,698 shares during the period. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this sale can be found here. PA increased its position in Fitbit by 10.0% in the second quarter. Northern Trust Corp now owns 1,946,325 shares of the scientific and technical instruments company's stock worth $10,335,000 after buying an additional 1,279,330 shares during the period. Its book value per share for the most recent quarter is $4.02 while its price to book ratio for the same period is 1.51, as for as the company's cash per share for the most recent quarter is $2.93, however its price to cash per share ratio for the same period is 2.07. 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.