Jon Callaghan Sells 15,000 Shares of Fitbit Inc (FIT) Stock

Fitbit Inc (NYSE:FIT) Director Jon Callaghan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $88,650.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Friday, December 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $6.81, for a total transaction of $102,150.00.
  • On Wednesday, November 1st, Jon Callaghan sold 15,000 shares of Fitbit stock. The shares were sold at an average price of $6.29, for a total transaction of $94,350.00.

Shares of Fitbit Inc (NYSE:FIT) opened at $5.98 on Friday. Fitbit Inc has a 52-week low of $4.90 and a 52-week high of $8.23. The firm has a market cap of $1,420.00 and a P/E ratio of -3.62.

Fitbit (NYSE:FIT) last announced its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Fitbit had a negative net margin of 23.35% and a negative return on equity of 28.33%. The firm had revenue of $392.50 million during the quarter, compared to analysts’ expectations of $391.70 million. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue was down 22.1% compared to the same quarter last year. analysts predict that Fitbit Inc will post -0.49 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in FIT. Russell Investments Group Ltd. lifted its position in shares of Fitbit by 10.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 115,441 shares of the scientific and technical instruments company’s stock worth $614,000 after purchasing an additional 10,840 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Fitbit by 80.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 690,279 shares of the scientific and technical instruments company’s stock worth $3,666,000 after purchasing an additional 308,194 shares during the period. Rhumbline Advisers lifted its position in shares of Fitbit by 55.8% in the 2nd quarter. Rhumbline Advisers now owns 211,044 shares of the scientific and technical instruments company’s stock worth $1,121,000 after purchasing an additional 75,571 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Fitbit by 61.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,019,805 shares of the scientific and technical instruments company’s stock worth $5,415,000 after purchasing an additional 387,312 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Fitbit by 26.5% in the 2nd quarter. Legal & General Group Plc now owns 59,609 shares of the scientific and technical instruments company’s stock worth $317,000 after purchasing an additional 12,500 shares during the period. 58.25% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on FIT. Vetr downgraded shares of Fitbit from a “hold” rating to a “sell” rating and set a $6.67 price target on the stock. in a report on Thursday, September 28th. ValuEngine upgraded shares of Fitbit from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Stifel Nicolaus downgraded shares of Fitbit from a “hold” rating to a “sell” rating and set a $6.00 price target on the stock. in a report on Friday, December 15th. Dougherty & Co reiterated a “neutral” rating on shares of Fitbit in a report on Wednesday, October 4th. Finally, Oppenheimer reiterated an “outperform” rating and set a $8.00 price target on shares of Fitbit in a report on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.05.

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Fitbit Company Profile

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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