Fitbit Intends to File Registration Statement for Proposed Follow-On Offering

The Upside to Investors of Fitbit (FIT) Pre-Lockup Secondary

Leerink Partners analyst, Stephen Wardell, is bucking the trend and disagreeing with the widely held belief that the reason for the Fitbit (NYSE: FIT) secondary, due to take place before the lockup expiration, is mostly a way for insiders to sell shares Importantly, Leerink is not participating in the underwriting syndicate.

On December 15, FITs lockup is due to expire allowing an additional 165m shares available to trade... More

Nothing to Worry About Fitbit (FIT) Fundamentally, Leerink Partners Says; PT Up to $81

Leerink 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

Cowen 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

Piper 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

Fitbit, 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 Sell 7M Shares, Holders to Sell 14M

Fitbit, Inc. (NYSE: FIT) today announced that it intends to file a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) on November 2, 2015 relating to a proposed underwritten follow-on public offering of its Class A common stock. Fitbit is... More