Stifel Nicolaus Maintained Fitbit FIT (NYSE:FIT) As 'Hold'

Fitbit Inc

AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable.

Other equities research analysts have also issued research reports about the company.

Fitbit Inc. (FIT) is expected to post revenue of $341.05 Million in the current quarter, according to consensus of 16 analysts. 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 during the last quarter. While the company's share hit the 52 week high on 09/23/16 stationing the value of $17.18.

The company's 50 day moving average is 5.7 and its 200 day moving average is 7.46.

Fitbit (NYSE:FIT) last issued its earnings results on Wednesday, May 3rd. (FIT) is -0.15 while the analysts predicted the EPS of the stock to be -0.19 suggesting the company fell short of the analysts' expectations. The Return on Equity (ROE) value stands at -9.8%. Equities research analysts forecast that Fitbit will post ($0.35) earnings per share for the current year. The PE ratio shows how the company is performing in its financial terms compared to its competitors. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Finally, Mizuho dropped their price objective on shares of Fitbit from $9.00 to $6.50 and set a "neutral" rating on the stock in a research note on Monday, January 30th.

Fitbit Inc. (FIT) lost -3.45% to reach $6.15 in the previous trading session.

While taking a look at financials, we can look at a number of key indicators about Fitbit Inc (FIT) . FIX reaffirmed an "outperform" rating and issued a $8.00 price target on shares of Fitbit in a report on Thursday, February 23rd. The company presently has a consensus rating of "Hold" and an average target price of $10.35. If you are viewing this report on another publication, it was illegally stolen and republished in violation of global copyright & trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/05/08/fitbit-inc-fit-rating-reiterated-by-raymond-james-financial-inc.html. Also, Director Steven Joseph Murray sold 173,152 shares of Fitbit stock in a transaction on Tuesday, March 7th.

On 2/24/2017 Timothy M Roberts, EVP, sold 369,385 with an average share price of $6.01 per share and the total transaction amounting to $2,220,003.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. BNP Paribas Arbitrage SA now owns 386,284 shares of the scientific and technical instruments company's stock worth $2,287,000 after buying an additional 220,700 shares during the period.

Yesterday Fitbit FIT (NYSE:FIT) traded -3.45% lower at $6.15. The disclosure for this sale can be found here. Insiders sold a total of 592,537 shares of company stock valued at $3,554,416 over the last quarter.

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp now owns 483,739 shares of the scientific and technical instruments company's stock valued at $7,178,000 after buying an additional 94,464 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Fitbit during the fourth quarter valued at approximately $7,725,000. Blue Clay Capital Management LLC bought a new stake in shares of Fitbit during the third quarter valued at about $220,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Fitbit by 26.0% in the third quarter. 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.

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