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Vetr Crowd Upgrades Fitbit
Wednesday, September 20, 2017 - 9:00am | 97Read More...The Vetr investing community upgraded Fitbit Inc (NYSE: FIT) from 2.5 to 3 stars Tuesday. The crowd has a $6.47 price target for the stock and rates it a Hold. Analyst consensus is a $10.10 price target. See how crowdsourced ratings can help predict the market? Fitbit shares closed Tuesday down...
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Pandora, Fitbit Celebrate New Exclusive Partnership By Dropping A Mixtape
Monday, August 28, 2017 - 2:16pm | 393Read More...To celebrate the launch of Fitbit Inc (NYSE: FIT)'s first ever smartwatch (as opposed to a fitness tracker), the company is partnering with the streaming music provider Pandora Media Inc (NYSE: P). As part of the new agreement, Pandora will serve as the exclusive music streaming provider for Fitbit...
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Fitbit, Despite New NBA Team Deal, Lower On Evidence Inventory Discounting Continues
Tuesday, June 20, 2017 - 1:46pm | 544Read More...At first glance, Fitbit Inc (NYSE: FIT) new partnership with the NBA's Minnesota Timberwolves sounds like a positive development that could help the struggling stock that has already lost 30 percent since the start of the year. The Deal As part of an agreement with the Timberwolves, Fitbit would...
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3 Areas In Which Fitbit Showed Encouraging Progress
Thursday, May 4, 2017 - 11:59am | 382Read More...Trip Chowdhry, an analyst with Global Equities Research, suggested Fitbit Inc (NYSE: FIT)'s investors take their profits on the health and fitness company back in 2015. The analyst's call was spot-on as the stock peaked above $50 per share that year and steadily declined to an all-time low...
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Battery Capacity Over The Years: How Will Goodenough's New Invention Stack Up?
Friday, March 17, 2017 - 1:20pm | 1155Read More...Batteries have a long history, dating back to 1798, when Italian physicist Count Alessandro Volta built a primitive battery consisting of a stack of paired copper zinc disks separated by cardboard disks moistened with a salt or acid solution. Although devices have advanced tremendously over the...
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How Did Wearables Do In Q4?
Thursday, February 23, 2017 - 10:20am | 579Read More...Shares of Fitbit Inc (NYSE: FIT) continue flirting with its all-time lows after the company pre-announced its fourth-quarter results in late January. After Wednesday's market close, Fitbit released its official results, and as expected, it consisted of a loss and revenue miss. Specifically, the...
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Short Sellers Weren't Surprised By Fitbit Warning
Monday, January 30, 2017 - 4:26pm | 367Read More...This wearbles maker's guidance cut and announced layoffs surprised many. But short sellers had pounced on its shares in the most recent period. The share price rose but gave up most of its gain in the first two weeks of January. The guidance cut and announced layoffs at Fitbit Inc...
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These 11 Stocks Could Drop 70%
Friday, November 4, 2016 - 8:18am | 449Read More...Fitbit Inc (NYSE: FIT)'s stock plummeted more than 30 percent on Thursday and hit a new 52-week low of $8.37 after the company released its third quarter earnings results and poor guidance. The stock has now lost around 70 percent since the start of 2016. GoPro Inc (NASDAQ: GPRO)'s stock isn't...
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Have Consumers Lost Interest In Fitbit-Style Activity Trackers?
Thursday, November 3, 2016 - 10:05am | 359Read More...The 30 percent decline in Fitbit Inc (NYSE: FIT)'s stock following its third-quarter earnings report is raising the question: Are consumers bored with activity trackers? David Larsen of Leerink believes this may be the case. In a research report on Thursday, the analyst maintained a Market Perform...
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Attention Fitbit Investors: Apple's New Watch Unlikely To 'Shake Up The Competitive Landscape'
Friday, September 9, 2016 - 1:11pm | 324Read More...Apple Inc. (NASDAQ: AAPL)'s upgraded Watch product, called the Apple Watch Series 2, will blow the competition out of the water, including Fitbit Inc (NYSE: FIT), right? Not so fast, says Bloomberg Gadfly's Gillian Tan. According to Tan, Apple's new Watch does contain a few "...
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Scaling International May Be 1 Of The Next Meaningful Catalysts For Fitbit Investors
Tuesday, August 23, 2016 - 11:14am | 399Read More...Fitbit Inc (NYSE: FIT)'s stock was trading higher by more than 2 percent Tuesday morning following a bullish report by analysts at Longbow Research. Longbow's Joe Wittine cited Fitbit's international opportunity in his research report, specifically the "Core-5 countries" in Europe (Germany, France...
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A Look At How Fitbit's Earnings Affected Analyst Price Targets
Wednesday, August 3, 2016 - 1:37pm | 308Read More...Fitbit Inc (NYSE: FIT), the maker of fitness tracking devices, reported on Tuesday its second-quarter results, which resulted in a 10 percent rally in the stock Wednesday morning. Fitbit said it earned $0.12 per share in the second quarter on revenue of $586.5 million. Wall Street analysts were...
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Fitbit Investors Take Profits Following Favorable Reaction To Blaze, Alta Shipment News
Friday, April 1, 2016 - 11:31am | 498Read More...The Fitbit Inc (NYSE: FIT) battle of bull versus bear continued on Friday as analysts at BlueFin Research Partners issued cautious commentary, while analysts at Leerink countered with a positive sentiment. Shares of Fitbit were higher by more than 1 percent on Friday, adding to the more than 25...
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Apple Has Almost 15% Of The Wearables Market, Behind Fitbit
Wednesday, February 24, 2016 - 10:50am | 295Read More...According to IDC, the worldwide wearable market surged 126.9 percent in the fourth quarter and 171.6 percent throughout the full year 2015 as manufactures sold a total of 27.4 million units in the fourth quarter and 78.1 million units in the full year. Sitting in first place with a 29.5 percent...
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Udall: Fitbit Could 'Annihilate The Quarter'
Wednesday, January 6, 2016 - 12:23pm | 389Read More...Despite shares taking a beating Tuesday afternoon and Wednesday morning, Sean Udall thinks Fitbit Inc. (NYSE: FIT) is still in a great position, saying the wearable tech company could "anahilate the quarter." "If I could lay out a list of 20 companies that I think are going to...
