Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $4.99, for a total value of $37,425.00. Following the completion of the transaction, the executive vice president now owns 116,914 shares in the company, valued at approximately $583,400.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Andy Missan also recently made the following trade(s):
- On Wednesday, April 10th, Andy Missan sold 7,500 shares of Fitbit stock. The stock was sold at an average price of $5.85, for a total value of $43,875.00.
- On Monday, March 11th, Andy Missan sold 7,500 shares of Fitbit stock. The stock was sold at an average price of $5.84, for a total value of $43,800.00.
Fitbit stock traded down $0.05 during trading on Friday, hitting $4.99. The stock had a trading volume of 1,292,799 shares, compared to its average volume of 5,523,288. Fitbit Inc has a 1 year low of $4.23 and a 1 year high of $7.79. The company has a current ratio of 1.87, a quick ratio of 1.57 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -8.31 and a beta of 1.62.
A number of institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new stake in Fitbit during the 4th quarter valued at $33,000. Public Employees Retirement System of Ohio raised its holdings in Fitbit by 49.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,869 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 2,950 shares during the period. Stevens Capital Management LP bought a new stake in Fitbit during the 4th quarter valued at $55,000. Marshall Wace North America L.P. bought a new stake in Fitbit during the 1st quarter valued at $62,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fitbit by 46.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,443 shares of the scientific and technical instruments company’s stock valued at $92,000 after acquiring an additional 5,854 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.
FIT has been the topic of a number of research analyst reports. Roth Capital set a $8.00 target price on Fitbit and gave the stock a “buy” rating in a research note on Friday, March 8th. ValuEngine downgraded Fitbit from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded Fitbit from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. William Blair reiterated a “market perform” rating on shares of Fitbit in a research note on Monday, March 11th. Finally, DA Davidson upgraded Fitbit from a “neutral” rating to a “buy” rating and upped their price objective for the company from $5.50 to $7.00 in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Fitbit presently has an average rating of “Hold” and an average price target of $6.08.
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Fitbit Company Profile
Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Ace, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic and Fitbit Versa smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness.
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