Fitbit Inc (FIT) Director Sells $102,150.00 in Stock

Fitbit Inc (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $6.81, for a total transaction of $102,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, November 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $6.29, for a total transaction of $94,350.00.
  • 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.

Fitbit Inc (NYSE FIT) traded down $0.08 during trading hours on Monday, reaching $6.69. 3,950,450 shares of the company were exchanged, compared to its average volume of 7,641,625. Fitbit Inc has a 1-year low of $4.90 and a 1-year high of $8.40.

Fitbit (NYSE:FIT) last released its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Fitbit had a negative net margin of 23.35% and a negative return on equity of 28.33%. The business had revenue of $392.50 million for the quarter, compared to analyst estimates of $391.70 million. During the same period last year, the firm earned $0.19 earnings per share. Fitbit’s revenue for the quarter was down 22.1% compared to the same quarter last year. analysts anticipate that Fitbit Inc will post -0.49 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in Fitbit by 5.6% during the second quarter. HighTower Advisors LLC now owns 32,831 shares of the scientific and technical instruments company’s stock worth $174,000 after acquiring an additional 1,735 shares during the period. Amalgamated Bank increased its position in Fitbit by 20.1% during the second quarter. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 3,698 shares during the period. Oppenheimer & Co. Inc. increased its position in Fitbit by 11.6% during the second quarter. Oppenheimer & Co. Inc. now owns 40,063 shares of the scientific and technical instruments company’s stock worth $213,000 after acquiring an additional 4,150 shares during the period. American International Group Inc. increased its position in Fitbit by 8.1% during the third quarter. American International Group Inc. now owns 117,140 shares of the scientific and technical instruments company’s stock worth $815,000 after acquiring an additional 8,758 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Fitbit by 35.9% during the second quarter. Ameriprise Financial Inc. now owns 35,837 shares of the scientific and technical instruments company’s stock worth $186,000 after acquiring an additional 9,461 shares during the period. 58.36% of the stock is currently owned by institutional investors and hedge funds.

FIT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Fitbit from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday, August 8th. Vetr lowered shares of Fitbit from a “strong-buy” rating to a “buy” rating and set a $6.19 price objective on the stock. in a research report on Thursday, August 24th. Morgan Stanley increased their price objective on shares of Fitbit from $6.50 to $7.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Finally, Deutsche Bank reissued a “hold” rating and issued a $5.50 price objective on shares of Fitbit in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.15.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/04/fitbit-inc-fit-director-sells-102150-00-in-stock.html.

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)

What are top analysts saying about Fitbit Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fitbit Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit