Insider Activity of Fitbit Inc. (FIT)

earnings estimates

Fitbit Inc. (FIT) belonging to the Computer and Technology sector has declined -6.89% and closed its last trading session at $5.68.

The company reported its EPS on 02/22/2017. Currently, the stock has a 1 Year Price Target of $7.56.

The consensus recommendation, according to Zacks Investment research, is 2.94. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

The Stock had a 2.94 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.94 and 2.75 respectively.

Fitbit Inc. on 02/22/2017 reported its EPS as $-0.56 with the analysts projecting the EPS of the stock as $-0.5. The company beat the analyst EPS Estimate with the difference of $-0.06. This shows a surprise factor of -12%.

Many analysts have provided their estimated foresights on Fitbit Inc. Earnings, with 14 analysts believing the company would generate an Average Estimate of $-0.19.

Whereas they predicted High and Low Earnings Estimate as $-0.18 and $-0.21 respectively. While in the same Quarter Previous year, the Actual EPS was $0.1.

Analysts are also projecting an Average Revenue Estimate for Fitbit Inc. as $280.52 Million in the Current Quarter. This estimate is provided by 15 analysts.

The High Revenue estimate is predicted as 288.1 Million, while the Low Revenue Estimate prediction stands at 270.6 Million. The company’s last year sales total was 505.36 Million.

For the Current Quarter, the growth estimate for Fitbit Inc. is -290%, while for the Next Quarter the stock growth estimate is -200%.

The Company got Downgrade by Citigroup on 31-Jan-17 from Neutral to Sell.

Insider Trades for Fitbit Inc. show that the latest trade was made on 6 Mar 2017 where Missan (Andrew), the General Counsel completed a transaction type “Sell” in which 50000 shares were traded at a price of $5.91.

7 Insider Sales transactions were made totaling 17895900 shares traded.

16 analysts projected Price Targets for Fitbit Inc.. The analysts believe that the company stock price could grow as high as $20. The Low Price target projection by analysts is $5 and the Mean Price Target is $7.56.

Fitbit Inc. (FIT) has the market capitalization of $1.28 Billion. The company rocked its 52-Week High of $18.85 on Apr 28, 2016 and touched its 52-Week Low of $5.45 on Mar 14, 2017.

The stock has Return on Assets (ROA) of -6.1 percent. Return on Equity (ROE) stands at -9.8% and Return on Investment (ROI) of -10.6 percent.

The stock is currently showing YTD performance of -22.4 Percent. The company has Beta Value of 0 and ATR value of 0.26. The Weekly and Monthly Volatility stands at 5.69% and 4.51%.