Fitbit (FIT) Tops Q3 EPS by 14c; Raises Outlook
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Nothing to Worry About Fitbit (FIT) Fundamentally, Leerink Partners Says; PT Up to $81
November 3, 2015 6:58 AM ESTLeerink Partners analyst Steven Wardell reiterated an Outperform rating and bumped his price target on Fitbit (NYSE: FIT) to $81.00 (from $79.00) following strong results after the close. Shares sold off on a sell the news reaction and the stock offering bu they dont see anything... More
Better-Than-Expected Sales Drive Fitbit (FIT) to a 3Q EPS Beat; Cowen Reiterates Market Perform
November 3, 2015 6:44 AM ESTCowen reiterated a Market Perform rating and $41.00 price target on Fitbit (NYSE: FIT) following the company's 3Q earnings results. FIT reported adjusted EPS of $0.24, exceeding guidance for $0.07-$0.10. FIT's devices sold increased 106% y/y to 4.8MM, with significant growth in all regions.
Analyst... More
Piper Jaffray Pleased with Fitbit (FIT) Results and Margins Despite Weakness on Lock-Up and Secondary
November 2, 2015 9:09 PM ESTPiper Jaffray analyst Erinn Murphy reiterated an Overweight rating and $60 price target on Fitbit (NYSE: FIT) following strong Q3 results even as the early lock-up release and secondary offering weighed on shares after the close.
Murphy commented, "We reiterate our Overweight rating and $60 PT on shares of FIT following the better than... More
Fitbit's (FIT) Q3 'Beat and Raise' Offset by Stock Lock-up Release, Secondary Offering
November 2, 2015 4:26 PM ESTFitbit, Inc. (NYSE: FIT) shares are lower late Monday following the company's Q3 report as the company also plans a secondary offering. The stock is down over 8 percent late.
After markets closed, Fitbit reported Q3 adjusted EPS of $0.24 with revenue of $409.3 million, versus consensus expectations calling for EPS of $0.10 and revenue of... More
Fitbit (FIT) to Release Lock-Up on 2.3M Shares
November 2, 2015 4:14 PM ESTIn addition to earnings, Fitbit (NYSE: FIT) announced today that Morgan Stanley & Co. LLC, on behalf of the underwriters of Fitbits initial public offering in June 2015, at the request of Fitbit, has agreed to release the lock-up restrictions for Fitbits employees and consultants... More
