Fitbit (FIT) Given Daily News Impact Score of 0.21

A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR.

Longbow Research reissued their hold rating on shares of Fitbit Inc (NYSE:FIT) in a research note published on Saturday. They now have a United States dollars 6.5 price target on the stock.

Analysts expect Fitbit Inc (NYSE:FIT) to report $-0.18 EPS on August, 1.They anticipate $0.25 EPS change or 357.14 % from last quarter's $0.07 EPS. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of other brokerages have also recently weighed in on FIT. Guggenheim Capital LLC now owns 36,211 shares of the scientific and technical instruments company's stock worth $266,000 after buying an additional 2,264 shares during the period. The company's market cap is $1.20 billion. Wall Street analysts covering the stock are projecting that the stock will reach $7.14 within the next 52-weeks. Also, EVP Andy Missan sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 7th. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.

Fitbit (NYSE:FIT) last issued its quarterly earnings data on Wednesday, May 3rd.

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The stock added in the prior trading session by 6.5%, closing at the stock price of $5.57. The scientific and technical instruments company reported ($0.15) EPS for the quarter, topping the Zacks' consensus estimate of ($0.25) by $0.10. RBC Capital Markets maintained Fitbit Inc (NYSE:FIT) rating on Wednesday, January 6. 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. Following the transaction, the executive vice president now owns 105,000 shares of the company's stock, valued at approximately $620,550.

Additionally on 1/31/17 Citigroup "Downgrades" Fitbit Inc (NYSE:FIT) to Sell setting price target at $0 and on 12/08/16 Deutsche Bank "Downgrades" the stock to Hold at $9. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. For the current year the company's revenue estimates are $1.61 Million compared to low analyst estimates of $1.53 Million and high estimates of $1.72 Million according to 19 number of analysts.

The TTM operating margin is -11.3%. On average, equities research analysts predict that Fitbit will post ($0.35) earnings per share for the current year. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & global trademark and copyright law. The original version of this article can be read at https://www.chaffeybreeze.com/2017/06/01/fitbit-inc-fit-stock-rating-reaffirmed-by-raymond-james-financial-inc-updated-updated.html.

Currently Fitbit Inc (NYSE:FIT)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 57.9%. Following the completion of the transaction, the director now directly owns 11,442 shares of the company's stock, valued at approximately $60,985.86. Allianz Asset Management AG acquired a new position in shares of Fitbit during the fourth quarter worth about $146,000. The disclosure for this sale can be found here. About 1.03M shares traded. Capstone Investment Advisors LLC acquired a new position in shares of Fitbit during the fourth quarter worth about $108,000.

Fitbit, Inc. (FIT) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 12.75 P/E and the sector P/E is 17.08. The company was downgraded on Thursday, November 3 by Piper Jaffray. However the six-month change in the insider ownership was recorded -92.66%, as well as three-month change in the institutional ownership was recorded 8.42%.

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