Fitbit Inc (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $6.81, for a total value of $102,150.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, November 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $6.29, for a total value of $94,350.00.
  • On Monday, October 2nd, Jon Callaghan sold 15,000 shares of Fitbit stock. The stock was sold at an average price of $6.89, for a total value of $103,350.00.

Shares of Fitbit Inc (NYSE:FIT) traded up $0.12 during midday trading on Thursday, hitting $6.78. The stock had a trading volume of 2,952,800 shares, compared to its average volume of 7,605,197. Fitbit Inc has a 12 month low of $4.90 and a 12 month high of $8.40.

Fitbit (NYSE:FIT) last posted 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 return on equity of 28.33% and a negative net margin of 23.35%. The business had revenue of $392.50 million during the quarter, compared to analysts’ expectations of $391.70 million. During the same quarter last year, the company posted $0.19 earnings per share. Fitbit’s quarterly revenue was down 22.1% on a year-over-year basis. sell-side analysts expect that Fitbit Inc will post -0.49 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of FIT. Legal & General Group Plc grew its holdings in Fitbit by 140.9% during the first quarter. Legal & General Group Plc now owns 47,109 shares of the scientific and technical instruments company’s stock worth $279,000 after purchasing an additional 27,557 shares during the period. Vanguard Group Inc. grew its holdings in Fitbit by 6.1% during 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 purchasing an additional 649,518 shares during the period. Geode Capital Management LLC grew its holdings in Fitbit by 3.2% during the first quarter. Geode Capital Management LLC now owns 978,462 shares of the scientific and technical instruments company’s stock worth $5,792,000 after purchasing an additional 30,503 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fitbit by 39.5% during the first quarter. Dimensional Fund Advisors LP now owns 646,872 shares of the scientific and technical instruments company’s stock worth $3,829,000 after purchasing an additional 183,025 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Fitbit by 35.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 382,085 shares of the scientific and technical instruments company’s stock worth $2,262,000 after purchasing an additional 100,406 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.

A number of research firms have issued reports on FIT. Vetr cut Fitbit from a “hold” rating to a “sell” rating and set a $6.67 target price for the company. in a report on Thursday, September 28th. ValuEngine upgraded Fitbit from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Dougherty & Co reiterated a “neutral” rating on shares of Fitbit in a report on Wednesday, October 4th. Oppenheimer restated an “outperform” rating and issued a $8.00 price objective on shares of Fitbit in a report on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $6.00 price objective on shares of Fitbit in a report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Fitbit presently has a consensus rating of “Hold” and a consensus target price of $7.11.

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About Fitbit

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)

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