Price Target Review on Fitbit Inc (NYSE: FIT)

Fitbit Blaze

For this year, Fitbit, Inc. The number of shares now owned by investors are 226.19 mln.

Several other equities research analysts have also recently weighed in on FIT.

Adobe Systems Incorporated (NASDAQ: ADBE) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 1.70% to 105.91 with around 2.49 Million shares have changed hands in this session. Boston Common Asset Management LLC purchased a new position in shares of Fitbit during the third quarter worth $1,554,000. The company has a current PEG Ratio of -2.4400. Finally, Bank of New York Mellon Corp boosted its stake in shares of Fitbit by 117.8% in the second quarter. The High Revenue estimate is predicted as 786.4 Million, while the Low Revenue Estimate prediction stands at 703 Million.

Fitbit Inc. closed its last trading session at $8.12 with the loss of -3.2%. The firm's 50-day moving average price is $7.94 and its 200-day moving average price is $12.35.

A frequently used metric is a company's price to earnings ratio.

Fitbit (NYSE: FIT) last announced its quarterly earnings results on Wednesday, November 2nd.

Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.06 and on annual basis FY 2016 estimate trends at current was for $0.58 as compared to one month ago of $0.58, and for next year per share earnings estimates have $0.61. The company earned $503.80 million during the quarter, compared to the consensus estimate of $506.93 million. Starting with EPS for the final quarter of this year.

Many analysts are providing their Estimated Earnings analysis for Fitbit Inc. and for the current quarter 20 analysts have projected that the stock could give an Average Earnings estimate of $0.17/share.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. Piper Jaffray Cos. reiterated a hold rating and issued a $14.00 target price (down previously from $16.00) on shares of Fitbit in a research note on Tuesday, July 12th. Fitbit now has an average rating of Hold and a consensus target price of $16.28. Pacific Crest downgraded Fitbit from a "sector weight" rating to an "underweight" rating and upped their price objective for the company from $15.88 to $16.70 in a research report on Thursday, September 29th. The analysts believe that the company stock price could grow as high as $20. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

Fitbit, Inc. (NYSE: FIT) stock is presently standing at about $7.86 and lots of equity research firms seem to have a target price set on the stock. Meanwhile, 10% Owner True Venture Partners II, L.L. sold 860,000 shares worth $7026000.2, through a transaction dated 2016-12-05. The stock is going forward its fifty-two week low with 9.17% and lagging behind from its 52-week high price with -74.61%. (NYSE: FIT), according to U.S. Securities and Exchange Commission (SEC) filings.

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