EPS for Fitbit Inc (FIT) Expected At $

According to analysts Fitbit Inc (NYSE:FIT)'s minimum EPS for the current quarter is at $-0.07 and can go high up to $-0.02. (FIT) opened at 6.66 on Wednesday. Parametric Portfolio Associates LLC now owns 72,680 shares of the scientific and technical instruments company's stock worth $430,000 after buying an additional 34,143 shares during the period.

A number of other research firms have also issued reports on FIT. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $6.00 price target on shares of Fitbit in a research note on Thursday, September 14th. Finally, Deutsche Bank AG dropped their target price on Fitbit from $6.50 to $5.50 and set a hold rating for the company in a report on Thursday, August 3rd. The stock is now moving below its 20-Day Simple Moving Average of -0.02% with a 50-Day Simple Moving Average of 9.51 percent. Among holders that decreased their positions, 48 sold out of the stock Fitbit, Inc. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90, which implies that analysts are generally neutral in their outlook for FIT over the next year. Fitbit now has a consensus rating of Hold and an average target price of $7.45.

Fitbit (NYSE FIT) traded up 0.77% during trading on Wednesday, hitting $6.51. Following the completion of the transaction, the director now directly owns 29,753 shares of the company's stock, valued at $163,046.44.

Stock's distance from 52 week High is -56.76% and the distance from 52 week Low is 33.06%. Fitbit, Inc. (NYSE:FIT) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The analysts estimated EPS for the higher end at 0.15 and lower end at -0.15 while the year ago reported earnings per share was 0.8. The firm had revenue of $353.30 million during the quarter, compared to analysts' expectations of $341.24 million. Fitbit had a negative return on equity of 20.67% and a negative net margin of 13.79%. This works out to an increase of 39.47% compared to last year's earnings.

Analysts expect Fitbit Inc (NYSE:FIT) to report $-0.09 EPS on November, 1.They anticipate $0.22 EPS change or 169.23 % from last quarter's $0.13 EPS.

Shares of Zogenix, Inc. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation.

Fitbit, Inc. (NYSE:FIT) has a below average level of market risk. Following the transaction, the executive vice president now directly owns 110,133 shares in the company, valued at $770,931. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The stock has "Outperform" rating by Oppenheimer on Monday, June 26. The shares were sold at an average price of $5.09, for a total transaction of $76,350.00. The disclosure for this purchase can be found here. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well.

A number of hedge funds and other institutional investors have recently modified their holdings of FIT. Artemis Investment Management LLP now owns 2,535,000 shares of the scientific and technical instruments company's stock worth $13,447,000 after acquiring an additional 727,000 shares during the period. Swiss National Bank now owns 238,200 shares of the scientific and technical instruments company's stock worth $1,410,000 after acquiring an additional 22,300 shares during the last quarter. DnB Asset Management AS increased its stake in Fitbit by 57.8% in the second quarter. SG Americas Securities LLC bought a new stake in Fitbit during the 2nd quarter worth about $1,723,000.

Investors have been carefully witnessing the recent activity of Fitbit, Inc. This analysis is based on historical data about the stock's monthly performance given the overall trends of the market and particular indicators within the market. State Street Corp now owns 3,330,776 shares of the scientific and technical instruments company's stock valued at $17,686,000 after purchasing an additional 1,348,058 shares during the period.