Diehard Bargain Hunter: Monsanto Company (MON), Fitbit, Inc. (FIT)

14 July, 2017, 07:22 | Author: Oscar Goodwin

Analyst Thoughts About Fitbit, Inc. The firm acquired 28,661 shares of the scientific and technical instruments company's stock, valued at approximately $153,000. Finally, Credit Suisse AG increased its position in shares of Fitbit by 150.3% in the first quarter. Vanguard Group Inc. now owns 11,240,520 shares of the scientific and technical instruments company's stock worth $66,544,000 after buying an additional 649,518 shares in the last quarter. Amerigo Asset Management purchased a new stake in shares of Fitbit during the first quarter valued at $13,983,000. UBS Oconnor LLC purchased a new position in shares of Fitbit during the first quarter valued at $1,480,000.

Analysts are also projecting an Average Revenue Estimate for Fitbit Inc.as $341170 in the Current Quarter. GSA Capital Partners LLP purchased a new position in shares of Fitbit during the fourth quarter valued at about $400,000.

Fitbit, Inc. (FIT) reported sales (ttm) of 1.96 Billion, whereas, 15 number of analysts estimated the mean sale of 393.32 million. (NYSE FIT) opened at 5.24 on Wednesday.

On the other hand the company has Relative Strength Index (RSI 14) of 52.24 along with Average True Range (ATR 14) of 0.18, Consequently Fitbit Inc (NYSE:FIT)'s weekly and monthly volatility is 3.12%, 3.41% respectively. It has a market cap of $1.22 Billion.

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

Looking forward, the company is expected to report earnings of $-0.04 per share for the current quarter. Fitbit had a negative net margin of 8.86% and a negative return on equity of 14.57%.

So the company beats the analysts estimate by $0.04/share showing a surprise of 21.1%. Of the 18 analysts surveyed by Reuters that track Monday 9 of them rate its stock a hold. (NYSE:FIT) was up 0.19% at $5.24 on Tuesday, in a 52-week range of $4.90 to $17.18 and with a consensus analyst target price of $7.04. Stifel Nicolaus reaffirmed a "hold" rating and issued a $6.00 target price (down previously from $7.00) on shares of Fitbit in a report on Friday, June 23rd. Pacific Crest downgraded the shares of FIT in report on Tuesday, February 23 to "Sector Weight" rating. A 9 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of Monday or, if they already own its stock, sell it. More interesting news about Fitbit Inc (NYSE:FIT) were released by: Investorplace.com and their article: "Fitbit Inc (FIT) Stock Is Ticking".

Fitbit Inc (NYSE:FIT) has average revenue estimates of $341.17 Million, compared to low analyst estimates of $331.74 Million and high estimates of $364.9 Million for the current quarter. 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. Shares price moved down from its 50 days moving average with -1.92% and remote negatively from 200 days moving average with -29.28%. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andy Missan sold 10,000 shares of the business's stock in a transaction dated Thursday, June 1st. The shares were bought at an average cost of $5.39 per share, for a total transaction of $134,750.00. The disclosure for this sale can be found here. A stock rating will generally tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. However the six-month change in the insider ownership was recorded -84.01%, as well as three-month change in the institutional ownership was recorded -0.1%. 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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