Nothing to Worry About Fitbit (FIT) Fundamentally, Leerink Partners Says; PT Up to $81
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The Upside to Investors of Fitbit (FIT) Pre-Lockup Secondary
November 4, 2015 9:08 AM ESTLeerink 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
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 Sell 7M Shares, Holders to Sell 14M
November 2, 2015 4:19 PM ESTFitbit, 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
Fitbit (FIT) Tops Q3 EPS by 14c; Raises Outlook
November 2, 2015 4:06 PM ESTFitbit (NYSE: FIT) reported Q3 EPS of $0.24, $0.14 better than the analyst estimate of $0.10. Revenue for the quarter came in at $409 million versus the consensus estimate of $350.97 million.
Fiitbit sees Q4 revenue of $620-$650 million, versus the consensus of $580.72 million. Sees EPS of $0.20-$0.25 versus the consensus of $0.20.
Fitbit sees FY2015 revenue of $1.77-1.8 billion, versus the consensus of $1.69 billion. Sees EPS of... More
UPDATE: Fitbit (FIT) Tops Q3 EPS by 14c; Boosts FY15 Outlook
November 2, 2015 4:06 PM EST(Updated - November 2, 2015 4:09 PM EST)
Fitbit (NYSE: FIT) reported Q3 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $409.3 million versus the consensus estimate of $350.97 million.
Fitbit sees Q4 2015 EPS of $0.20-$0.25, versus the consensus of $0.20.... More
