FIT - Fitbit, Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.0600 (-1.34%)
At close: 4:02PM EDT

4.4300 +0.01 (0.23%)
After hours: 6:52PM EDT

Stock chart is not supported by your current browser
Previous Close4.4800
Bid4.4400 x 29200
Ask4.4500 x 4000
Day's Range4.4050 - 4.5900
52 Week Range4.2300 - 7.1200
Avg. Volume4,462,363
Market Cap1.127B
Beta (3Y Monthly)0.77
PE Ratio (TTM)N/A
EPS (TTM)-0.7440
Earnings DateJul 30, 2019 - Aug 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.75
Trade prices are not sourced from all markets
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    Why should investing be a rich man’s game? If you’re looking to invest, but haven’t got the budget to go all-in on Amazon (AMZN) or Alphabet (GOOGL), there are plenty of stocks available featuring low prices and high expectations. Now that markets are surging back to their record levels, with the S&P 500 at 2,950, let’s use TipRanks’ data to take a close look at four bargain investments, stocks priced at $10 and under yet sporting ‘Buy’ ratings. Asure Software, Inc. (ASUR)This small software company, focusing on HCM (human capital management) and workspace management systems, is coming off an excellent first quarter. The company reported revenues for Q1 2019 at $26.8 million, for a 39% year-over-year gain, and a 44% year-over-year gain in customer bookings. Company CEO Pat Goepel described the quarter as having “solid momentum,” said that Asure is “focused on accelerating the velocity of our cross-selling opportunities and scaling our business.” Major new clients include Kids Care Home Health of Idaho, and the City of Paterson, New Jersey. Full-year revenue guidance remains in the range of $104 to $107 million.Wall Street’s analysts are impressed, by both the company’s prospects and its recent history. ASUR shares are up more than 50% year-to-date, and the company’s revenue guidance represents an 18% increase over FY18. Writing from Northland Securities, Robert Breza said last month: “We are assuming coverage of Asure Software Inc. with an unchanged $12 PT and Outperform rating following solid Q1 results which topped estimates on the top and bottom line.” Breza’s $12 price target indicates a 52% upside to the stock.Just last week, Barrington’s Vincent Colicchio set a ‘Buy’ on ASUR based on future outlook for the stock. Colicchio noted, “We expect Asure to achieve rapid organic and acquisition‐related growth over the next several years in the HCM and WM software markets. Asure has many opportunities to increase revenue at existing clients due to its growing product portfolio…” His price target, $15, suggests an upside of 90% for ASUR.Overall, ASUR gets a ‘Moderate Buy’ from the analyst consensus, based on 2 buy ratings in the past three months. There are no holds or sells on this stock. The average price target is $13.50, indicative of a 71% upside from the current share price of $7.86.View ASUR Price Target & Analyst Ratings Detail Concrete Pumping Holdings, Inc. (BBCP)Based in Denver, Colorado, Concrete Pumping Holdings operates in both the US and the UK, offering – you guessed it! – concrete pumping services in the construction industry. In addition to pumping, the company also offers concrete waste management services, an important subsidiary service for customers in the concrete industry. Concrete Pumping offers its customers an equipment rental option, allowing the customer to save money on overhead while Concrete Pumping benefits from faster payment schedules on its products.BBCP went public two years ago, and this past May put an additional 15 million common stock shares on the market. The new shares were offered to raise funds to finance the acquisition of Capital Pumping, with any extra funds being used to augment corporate working capital. The stock offering and acquisition were both completed last month.Analyst Andrew Wittman, of Baird, gave BBCP a ‘Buy’ rating during last month’s stock offering, specifically noting the company’s “…track record of gaining share versus alternatives, the company's unique scale advantages and its rental model, which offers low risk and fast cash conversion.” He added that, at current price level, he would buy this stock. His $7 price target suggests a strong upside of 58%.Also weighing in was Stifel’s Stanley Elliott. He set a $9 price target with his ‘Buy’ rating, saying that, “The company has meaningful opportunity to expand through mild secular growth in concrete pumping, footprint expansion and cross-selling of waste services, and numerous acquisition roll-up opportunities.” His price target gives BBCP an impressive 103% upside.With 4 buy ratings assigned it in the last three months, BBCP holds a ‘Strong Buy’ from the analyst consensus. The stock sells for $4.42, so the average price target of $8.33 gives it an 88% upside potential.View BBCP Price Target & Analyst Ratings Detail Fitbit, Inc. (FIT)Fitbit stands at the junction of two great trends – our desire to be healthy, and our desire to have the latest gadgets. Fitbit’s gadget is the application of wearable tech to activity tracking, allowing you to count your steps, monitor your heartrate, or even check the quality of your sleep – and to follow your data over time. In short, it’s intended to make easier to track the quality and efficacy of your exercise and diet.With increased hedge fund activity – the major funds increased their holdings in FIT by 3.73 million shares last quarter – it would seem that Fitbit’s low share price is attracting investment. The company’s reputation helps, too – industry bloggers have a bullish outlook on FIT, while news sentiment is overwhelmingly positive.This is all reflected in the analyst reviews, which have been consistently positive on FIT for several months. Writing at the beginning of May, Andrew Uerkwitz of Oppenheimer, said, “We believe FIT has taken its first steps in generating regular recurring revenue from the healthcare and wellness industry. We like what we heard regarding Fitbit Health Solutions and see it as a first step towards a more meaningful business transformation. We expect it to take time, but as Health Solutions and other services start to ramp, we expect to see more predictability in results.” Uerkwitz’s $8 price target suggests an upside of 78% to FIT.Also writing in May, DA Davidson analyst Tom Forte noted benefits coming from the company's “…latest partnering announcement with the UnitedHealthcare's (UNH) Motion effort through its Charge 3 tracker device participation.” Forte set a $7 price target, pointing to a 56% upside.FIT’s analyst consensus rating is a ‘Moderate Buy,’ based on 2 buys, 1 hold, and 1 sell given during the last three months. FIT shares sell for just $4.48, but the average price target of $6.25 suggests an upside potential of 39%.View FIT Price Target & Analyst Ratings Detail Ford Motor Company (F)Our last stock hails from Detroit, the Motor City, where more than a century ago Henry Ford created the modern assembly line, revolutionized the automotive industry, and made his car company one of the industry’s storied names.The auto industry is entering a transitional period. Changes in customer taste and the political regulatory climate are pushing the development and improvement of electric vehicle technology, while advances in AI are slowly turning self-driving cars – once the domain of science fiction – into a reality. Ford Motor is implementing a $4 billion initiative to develop an autonomous car division, with $1 billion going toward developing the requisite software and automation tech in partnership with Argo AI, and a further $900 million slated to expand manufacturing facilities in Michigan. At the same time, Ford is developing and marketing a line of electric hybrid and plug-in vehicles based on existing frames.All of this is supported by a successful line of SUVs and light trucks. Ford’s F-series pickups are perennial leaders in their niche, and provide the company with a solid foundation of sales and revenue.With such a strong background, it’s no wonder that Merrill Lynch’s John Murphy upgraded his stance on Ford stock last month, bumping it from ‘neutral’ to ‘buy.’ His price target, $14, suggests a 40% upside to the stock.More recently, on June 13, Goldman Sachs analyst David Tamberrino sees the company’s overall plan helping it to regain revenue and market share in Europe. He says, “…working through the potential margin enhancement opportunity, we think the company can generate over 4% operating margins through-the-cycle in Europe post restructuring actions…” Tamberrino’s price target of $13 would indicate a 30% upside to Ford shares.Ford holds a ‘Moderate Buy’ rating from the analyst consensus, based on an even split of 5 buys and 5 holds, with 1 sell. Shares are currently priced at $9.99, so the average target of $11.35 indicates room for a 13% upside.View F Price Target & Analyst Ratings DetailStart your own stock research with Stock Screener, the all-in-one tool that puts the entire TipRanks database at your fingertips.

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  • Why Fitbit, Inc. (NYSE:FIT) Could Be Worth Watching
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  • Markit18 days ago

    See what the IHS Markit Score report has to say about Fitbit Inc.

    Fitbit Inc NYSE:FITView full report here! Summary * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for FIT with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FIT had net inflows of $540 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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  • Business Wire26 days ago

    Fitbit Users Can Now Use Fitbit Pay at Seven Major Transit Systems Around the World

    Fitbit (FIT) today announced Fitbit Pay™ is available for consumers to use at seven major transit systems around the world, enabling Fitbit users to travel with ease. Fitbit also announced it will be part of the Metropolitan Transportation Authority’s (MTA) One Metro New York (OMNY) contactless fare payment pilot program. Any user in New York with Fitbit Charge 3 Special Edition™, Fitbit Versa Special Edition™ and Fitbit Ionic™ devices will be able to securely and easily tap and pay-per-ride directly from their wrist on select MTA busses and subway lines, providing the convenience to keep their smartphones and wallets tucked away.

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    [Editor's note: This story was previously published in April 2019. It has since been updated and republished.]Given their surge over the last few years, tech stocks aren't cheap -- at least when it comes to their actual share prices. Top leaders like Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG, NASDAQ:GOOGL) can be had for north of a grand per share, while even smaller tech stocks like ServiceNow (NASDAQ:NOW) can be had for over $100 per share. And while, as we said before, "price is what you pay, value is what you get," there is something about buying cheap stocks that can result in higher returns.So, if it was possible to combine the potential of tech stocks with the financial advantages of low-priced ones, you'd have very powerful weapon indeed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Luckily, there are a number of those stocks to buy. These cheap tech stocks can be had for under $15 per share, and many of them have plenty of catalysts to propel them forward. They aren't without risk, but they do have plenty of reward potential. So which of those stocks should you look to buy?Here are five cheap tech stocks to buy for your portfolio. Cheap Tech Stocks to Buy: Fitbit (FIT)Source: Shutterstock Share Price: $5.10It's no surprise that former wearable device superstar Fitbit (NYSE:FIT) is now a low-priced tech stock. The device marker spent much of 2017 and 2018 in freefall as wearable device growth has failed to catch up with lofty expectations. And as fellow InvestorPlace contributor Josh Enomoto has mentioned, the segment has been a victim of the dreaded "C" word -- commoditization.So, why be bullish on the floundering device maker?It comes down to healthcare, health insurance and FIT's low prices for devices.John Handcock made waves last year when it announced that it was no longer underwriting traditional life insurance policies and will only be issuing more dynamic policies tied to a wearable device. Corporate America is getting in on the act as well and has started to offer incentives/breaks on health insurance to employees wearing fitness trackers.For FIT, this could be its opportunity. A low price, a name brand and a huge data set of active users makes it an ideal partner in these instances. With healthcare costs rising, firms and employees are going to be doing everything they can to get insurance premiums lower. Already, sales at FIT seem to be picking up. With tracking requirements becoming the norm, Fitbit could be a major winner.And at just over $5 per share, it's worth that gamble. Glu Mobile (GLUU)Source: Shutterstock Share Price: $8.84One-hundred and twenty-two percent. That's a great yearly return for any stock, yet one that makes mobile games for your smart-phone. But for Glu Mobile (NASDAQ:GLUU), its 2018 return may just be a drop in the bucket. That's because GLUU's turnaround is finally paying off.A few years ago, mobile gaming was super hot -- and then the bottom dropped out. GLUU and its rivals were hit hard. In that downturn, the game developer's management undertook a big turnaround plan. For starters, they focused more on games they fully owned rather than celebrity licensed properties. This allowed them to reap higher margins from in-app purchases and downloads. With bookings rising for these so-called growth games, Glu was actually able to be cash flow positive during the fourth quarter.GLUU was also able to reduce its debt load and build a strong cash balance over the last year.With that, GLUU stock has surged. The best part is that the firm's development pipeline still seems robust, with several potential hits coming over the next few quarters. This includes a new World Wrestling Entertainment (NYSE:WWE) game as well as a title under license from Walt Disney's (NYSE:DIS) Pixar. Moreover, several other games in development are targeted at female gamers -- an underrepresented niche. That gives Glu a potentially huge market all to itself.With the firm now firing on all cylinders and gaming still going strong, the less than $9 per share tech stock seems like a bargain at a P/E of 26. Nokia Oyj (ADR) (NOK)Source: Shutterstock Share Price: $4.95Ask many people what they think about Nokia Oyj (ADR) (NYSE:NOK) and odds are, they will say "washed up." And that may be true to a point -- when it comes to devices. But Nokia still remains one of the most important tech stocks in the entire wireless world. The reason comes down to one letter and one number.I'm talking about 5G.As its handset leadership position was fading, Nokia made two shrewd buyouts: industrial conglomerate Siemens' networking business and the Alcatel-Lucent assets. With those two buys, Nokia became an equipment maker that brings all the data, voice and video to the end users. Who cares about what device it's on?This switch has been wonderful for NOK stock. Current 4G networks aren't cutting it with all the streaming video, mobile commerce and gaming we're now doing on our phones and tablets. Because of that, telecom firms are now spending some big bucks to upgrade their networks. And a lot of it is coming NOK's way.Sales at Nokia continue to rise, clocking in at 5 billion euros last quarter. The bulk of that was networking and 5G hardware.And yet, NOK shares remain a castaway among cheap tech stocks. At under $5 and with a 3.8% dividend yield, it's a good stock to buy. TeleNav (TNAV)Source: Shutterstock Share Price: $7.13Sometimes partnering with a larger firm can boost the fortunes smaller tech stocks. For TeleNav (NASDAQ:TNAV), that means being buddies with Amazon (NASDAQ:AMZN). Amazon has been looking for ways to get its AI voice assistant, Alexa, into more devices and into every American's home. A big push in that is into automobiles. This is where TNAV comes in.TeleNav provides several location-based systems to create a smarter, safer & more personalized user experience for drivers. This includes routing, guidance, positioning and search. The kicker is that TNAV's systems are much more than just your normal GPS. They use AI and voice assistants, allow advertisers and in-car commerce -- such as go-ahead ordering -- and the like. Amazon joined with TNAV in a deal that would make Alexa front and center in its units.What TNAV is really doing is building a portfolio of data that Amazon or other firms could potentially massage and exploit later on. What it gets is a huge platform to build on for future real-time advertising, sales and infotainment options. It's a win-win for TNAV, AMZN and other future partners.The opportunity is huge. And yet, TNAV trades at just around $7 per share. That's a huge bargain for its potential -- even more so when considering that firm continues to grow its revenues like weeds and finally has achieved positive cash flows at the end of last quarter.In the end, this is one tech stock that won't stay low-priced for much longer. 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