Roth capital analysts give fitbit (fit) a $8.00 price target q mart gas station

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The company sold 2.2M wearables (vs. a year-ago 3M), with average selling price up 16% Y/Y to $112/device. The rating was downgraded by Roth Capital to "Hold" on Thursday, March 15. The shares were sold at an average price of $4.76, for a total transaction of $23,800.00.

The stock decreased 12.00% or $0.66 during the last trading session, reaching $4.84. The shares were sold at an average price of $5.17, for a total transaction of $77,550.00. The company has a market capitalization of $1,145.14, a P/E ratio of -7.68 and a beta of 1.89.

Fitbit said it expects current-quarter revenue to be in a range of $275 million to $295 million, below analysts’ estimate of $309.9 million, according to Thomson Reuters I/B/E/S. The company had revenue of $570.76 million for the quarter, compared to analyst estimates of $587.03 million. Fitbit had a negative net margin of 17.16% and a negative return on equity of 17.11%. sell-side analysts anticipate that Fitbit will post -0.55 EPS for the current fiscal year. Fitbit Inc (NYSE: FIT)’s price to sales ratio for trailing twelve month stands at 0.71, whereas its price to book ratio for the most recent quarters is at 1.38.

Relative strength index (RSI-14) for Fitbit Inc. The stock of Fitbit, Inc. Insiders have sold 45,000 shares of company stock valued at $214,750 in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in Fitbit during the fourth quarter worth about $139,000. Senvest Management LLC now owns 1,592,113 shares of the scientific and technical instruments company’s stock worth $9,091,000 after acquiring an additional 1,092,113 shares during the period. Institutional investors and hedge funds own 61.62% of the company’s stock.

A number of other equities analysts have also weighed in on FIT. Morgan Stanley set a $5.00 target price on shares of Fitbit and gave the stock a hold rating in a research report on Tuesday, February 27th. The rating was maintained by Roth Capital with "Buy" on Tuesday, May 1. The stock has "Buy" rating by Craig Hallum on Monday, March 19.

Fitbit (NYSE: FIT) is off 5.5% after hours following its Q1 results, where its loss wasn’t as bad as analysts forecast but the company warned of demand challenges for trackers. They set a neutral rating and a $5.50 target price for the company.

However out of 12 analysts 1 suggest Fitbit Inc (NYSE: FIT) a Strong Buy, 2 suggested Buy, 8 Hold and 2 Sell, while 1 analysts recommend the stock a Strong Sell. They issued a "buy" rating and a $10.00 target price for the company. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App.

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Six equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Teachers Retirement Of The State Of Kentucky owns 0.55% invested in BAE Systems plc (LON:BA) for 158,085 shares.

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