Fitbit Inc (NYSE:FIT) EVP Andy Missan sold 5,000 shares of Fitbit stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $5.50, for a total value of $27,500.00. Following the sale, the executive vice president now owns 145,495 shares of the company’s stock, valued at approximately $800,222.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Andy Missan also recently made the following trade(s):
- On Tuesday, May 1st, Andy Missan sold 5,000 shares of Fitbit stock. The shares were sold at an average price of $5.43, for a total value of $27,150.00.
- On Monday, April 2nd, Andy Missan sold 5,000 shares of Fitbit stock. The shares were sold at an average price of $4.62, for a total value of $23,100.00.
NYSE:FIT traded up $0.39 during mid-day trading on Tuesday, reaching $6.25. The stock had a trading volume of 11,566,785 shares, compared to its average volume of 5,233,519. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -9.62 and a beta of 1.88. Fitbit Inc has a one year low of $4.51 and a one year high of $7.32.
A number of hedge funds have recently made changes to their positions in FIT. Investors Research Corp bought a new stake in Fitbit in the fourth quarter valued at approximately $101,000. Alps Advisors Inc. bought a new stake in Fitbit in the first quarter valued at approximately $121,000. Crescent Grove Advisors LLC bought a new stake in Fitbit in the first quarter valued at approximately $128,000. Xact Kapitalforvaltning AB lifted its position in Fitbit by 69.7% in the first quarter. Xact Kapitalforvaltning AB now owns 25,078 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 10,300 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its position in Fitbit by 84.1% in the fourth quarter. Greenwich Wealth Management LLC now owns 23,425 shares of the scientific and technical instruments company’s stock valued at $134,000 after purchasing an additional 10,700 shares during the last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.
FIT has been the subject of a number of research analyst reports. Roth Capital set a $8.00 price target on Fitbit and gave the company a “buy” rating in a research report on Tuesday, May 1st. Craig Hallum initiated coverage on Fitbit in a research report on Monday, March 19th. They set a “buy” rating for the company. ValuEngine upgraded Fitbit from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird reiterated a “hold” rating on shares of Fitbit in a research report on Tuesday, February 27th. Finally, Morgan Stanley set a $5.00 target price on Fitbit and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Fitbit has an average rating of “Hold” and an average target price of $5.94.
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 Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic 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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