Analyst Activity – Morgan Stanley Lowers Its Price Target On Fitbit (NYSE:FIT) to $6.50

ME Staff
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Analyst Ratings For Fitbit (NYSE:FIT)

Today, Morgan Stanley lowered its price target on Fitbit (NYSE:FIT) to $6.50 per share.

There are 3 sell ratings, 12 hold ratings, 6 buy ratings on the stock.

The current consensus rating on Fitbit (NYSE:FIT) is Hold (Score: 2.14) with a consensus target price of $8.26 per share, a potential 58.27% upside.

Some recent analyst ratings include

  • 6/26/2017-Oppenheimer Holdings, Inc. Reiterated Rating of Outperform.
  • 6/23/2017-Stifel Nicolaus Reiterated Rating of Hold .
  • 6/21/2017-Longbow Research Reiterated Rating of Neutral.
  • 6/6/2017-Citigroup Inc. Reiterated Rating of Sell.
  • 6/3/2017-Dougherty & Co Reiterated Rating of Neutral.

Recent Insider Trading Activity For Fitbit (NYSE:FIT)
Fitbit (NYSE:FIT) has insider ownership of 29.10% and institutional ownership of 56.25%.

  • On 7/3/2017 Jon Callaghan, Director, sold 15,000 with an average share price of $5.31 per share and the total transaction amounting to $79,650.00. View SEC Filing
  • On 6/5/2017 Christopher B Paisley, Director, bought 25,000 with an average share price of $5.39 per share and the total transaction amounting to $134,750.00. View SEC Filing
  • On 6/1/2017 Andy Missan, EVP, sold 10,000 with an average share price of $5.57 per share and the total transaction amounting to $55,700.00. View SEC Filing
  • On 5/26/2017 Steven Joseph Murray, Director, sold 500,000 with an average share price of $5.33 per share and the total transaction amounting to $2,665,000.00. View SEC Filing
  • On 3/7/2017 Andy Missan, EVP, sold 50,000 with an average share price of $5.91 per share and the total transaction amounting to $295,500.00. View SEC Filing
  • On 3/7/2017 Steven Joseph Murray, Director, sold 173,152 with an average share price of $6.00 per share and the total transaction amounting to $1,038,912.00. View SEC Filing
  • On 2/24/2017 Timothy M Roberts, EVP, sold 369,385 with an average share price of $6.01 per share and the total transaction amounting to $2,220,003.85. View SEC Filing

Recent Trading Activity for Fitbit (NYSE:FIT)
Shares of Fitbit closed the previous trading session at 5.17 down -0.05 -0.96% with 3,845,818 shares trading hands.