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

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

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

Fitbit (FIT) to Release Lock-Up on 2.3M Shares

In 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