Trading summary of Unusual Activity - Fitbit, Inc. (FIT)

Fitbit, Inc. (NYSE:FIT) was downgraded by research analysts at Vetr from a "strong-buy" rating to a "hold" rating in a report released on Thursday.

Looking forward, the company's quarterly earnings are expected to come at $1.28 in the three months through September 2017 and $1.28 in the quarter ending December 2017, reflecting 2.4% and 12.28% growth, respectively. Oppenheimer Holdings, Inc.'s target price points to a potential upside of 35.36% from the stock's previous close.

FIT has been the subject of a number of other research reports. Stifel Nicolaus reiterated a "hold" rating and issued a $6.00 price target (down previously from $7.00) on shares of Fitbit in a research note on Friday, June 23rd. Mizuho maintained it with "Buy" rating and $20 target in Tuesday, February 23 report. BidaskClub cut shares of Fitbit from a "sell" rating to a "strong sell" rating in a research report on Tuesday, August 1st.

On August 3 Deutsche Bank left the company rating at "Hold" but lowered the price expectation from $9.00 to $5.50. (FIT)-2 analysts issued Buy for the stock, 2 analysts gave Outperform rating, 11 think it's a Hold, 1 issued Underperform, while 1 analyst gave a Sell rating. The stock presently has an average rating of Hold and an average target price of $7.97.

Fitbit Inc (NYSE:FIT) shares traded on 9.81% above secure line and closed at $6.49. The percentage of shares being held by the company management was 0.11% while institutional stake was 79%. The stock's market valuation is $1.38 B. Fitbit has a 52 week low of $4.90 and a 52 week high of $17.18. the company has 50 Day SMA price of $5.60 and a two hundred day SMA of $5.62. The firm has a 50-day moving average of $5.60 and a 200 day moving average of $5.62. Fitbit Inc (NYSE:FIT) has declined 60.69% since September 6, 2016 and is downtrending. The scientific and technical instruments company reported ($0.08) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.15) by $0.07. Fitbit had a negative net margin of 13.79% and a negative return on equity of 20.67%. Raymond James Financial Services Advisors Inc. now owns 33,666 shares of the scientific and technical instruments company's stock worth $199,000 after buying an additional 4,271 shares in the last quarter. The company's revenue for the quarter was down 39.8% on a year-over-year basis. On average, equities analysts anticipate that Fitbit will post ($0.31) EPS for the current year.

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U.S. drone blamed for Afghan deaths
Washington has paid for 600,000 weapons, including rifles and pistols, for the Afghan army and police, the GAO report said. The Taliban claimed more than 20 people, including United States personnel, were killed at the gate outside of Bagram.

In the transaction dated August 07, 2017, the great number of shares disposed came courtesy the Director; Murray Steven Joseph disposed a total of 500,000 shares at an average price of $5.73, amounting to approximately $2,865,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

In other news, EVP Andy Missan sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $5.73, for a total value of $2,865,000.00. The disclosure for this purchase can be found here.

Investors of this company earned a return of -14.70% on the assets it owns in past twelve month.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Intellectus Partners LLC boosted its stake in shares of Fitbit by 15.8% in the 2nd quarter.

Separately, Director Jon Callaghan unloaded 15,000 stocks of the company's shares in a trade on early Tue, Aug 1st. Commerzbank Aktiengesellschaft FI increased its stake in shares of Fitbit by 166.5% in the 1st quarter. The market capitalization of the company is at $1.5 Billion. Its book value per share for the most recent quarter is $4.02 while its price to book ratio for the same period is 1.61, as for as the company's cash per share for the most recent quarter is $2.93, however its price to cash per share ratio for the same period is 2.21. Quantbot Technologies LP now owns 93,661 shares of the scientific and technical instruments company's stock worth $554,000 after buying an additional 25,256 shares in the last quarter.

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