NYSE:FIT () Also Trade In: Germany UK

Fitbit Inc $ 6.34 0 (0%)

Volume:
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Avg Vol (1m):
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Market Cap $:
1.71 Bil
Enterprise Value $:
1.34 Bil
P/E (TTM):
0.00
P/B:
3.80
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Fitbit Inc News and Headlines -

GuruFocus Articles Total 62
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Canadian investor’s largest new holding is Fitbit

Billionaire investor Prem Watsa (Trades, Portfolio), leader of Fairfax Financial Holdings, disclosed 13 new holdings in his fourth-quarter portfolio on Friday.

Known as “Canada’s Warren Buffett (Trades, Portfolio),” the guru’s investment strategy mimics the practices of the Berkshire Hathaway (BRK.A)(BRK.B) CEO in that his insurance conglomerate purchases entire companies as well as invests its float in publicly traded companies.

Watsa’s five largest new purchases for the quarter were Fitbit Inc. (FIT), The Madison Square Garden Co. (MSG), Restaurant Brands International Inc. (QSR), Colliers International Group Inc. (CIGI) and CVS Health Corp. (CVS).

Fitbit

The

1181 Views    Sydnee Gatewood    2020-02-14 20:52
A review of the proposed acquisition

When Alphabet (GOOG) (GOOGL) first announced it was acquiring Fitbit (FIT), I was excited to look at the deal. But it did not look good to me because of the small spread, only 1.9%, between the offer and Fitbit's share price. I also viewed it as a merger that could attract a lot of negative media attention because of both companies' reputation for data collection. That fear wasn't for nothing because there is a lot of attention for this deal and its privacy aspect.

Interestingly, because of that, the spread has increased to a very attractive gross spread of 9.12%.

109 Views    Bram de Haas    2020-01-19 21:54
A review of the guru's original take on Google's parent company

I try to read Wedgewood Partners' quarterly letters whenever I can because David Rolfe (Trades, Portfolio) often goes into interesting and detailed discussions of portfolio companies. Without question, the portfolio managers are extremely knowledgeable about these names.

One of those discussions in the latest letter that I really liked was the break-down of Alphabet (GOOG) (GOOGL). I’ve owned Alphabet on and off over the years and currently follow it with interest from the sidelines. Rolfe’s discussion stood out to me because he raised original points on a name where often the same talking points come up time

165 Views    Bram de Haas    2020-01-13 21:56
Tech giant to buy fitness tracker manufacturer for $2.1 billion

Wearable device company Fitbit Inc. (FIT) announced on Friday it is being acquired by Alphabet Inc.’s (GOOG)(GOOGL) Google for approximately $2.1 billion.

According to the terms of the all-cash deal, the Mountain View, California-based parent company of Google, YouTube and LinkedIn will pay $7.35 per share for the San Francisco-based manufacturer of fitness tracking devices.

In a blog post published after the announcement was made, Rick Osterloh, Google’s senior vice president of devices and services, outlined how the acquisition will help the company compete in the smartwatch and fitness tracking space as it does not currently produce its

196 Views    Sydnee Gatewood    2019-11-01 15:48
Early investor decides its time to cut back on company

Chase Coleman (Trades, Portfolio)’s Tiger Global hedge fund cut its stake in SurveyMonkey (SVMK) parent for the second time since it went public in September, filings showed Tuesday.

The tech-focused firm was the largest shareholder of SVMK Inc. as it filed for its initial public offering, with 29.3% of shares. On June 27, it disposed of 4,862,267 shares, dropping its position by 26.36% to 12,584,284 shares.

Shares of the survey software company traded at an average price of $15.82 when Coleman sold, about 32% above their IPO price of $12. The stock has gained about 38% year

200 Views    Holly LaFon    2019-07-02 21:38
Their stock prices have fallen as they try to adapt to the disruptive changes

The smartwatch has become quite a phenomenon over the last few years. Giant technology companies like Apple Inc. (AAPL) and Samsung Electronics Co. Ltd. (XSWX:005930) have been at the forefront in disrupting the watch market.

The rise of the smartwatch has forced traditional watchmakers to evolve by adapting their luxury watches to the latest tech trends. Although there are consumers who cling to the glitter, complexity and finesse of a good old chronometer, the pressure created by the emergence of the smartwatch over the last five years cannot be ignored. In fact, traditional watch brands have struggled to

88 Views    Nicholas Kitonyi    2019-05-01 15:40
Several of tech guru’s holdings reach 52-week lows following Wednesday’s market selloff

In light of Wednesday’s market selloff, Tiger Global Management’s portfolio contains four tech stocks near 52-week lows: Facebook Inc. (FB), Dropbox Inc. (DBX), Fitbit Inc. (FIT) and Switch Inc. (SWCH).

Tiger Global Management, led by Chase Coleman (Trades, Portfolio), primarily invests in technology companies. The portfolio has 35.88% weight in technology, the firm’s second-largest sector in terms of market weight.

Dow continues losses from Wednesday

The Dow Jones industrial average traded approximately 300 points lower in intraday trading Thursday, following Wednesday’s 800-point nosedive sparked by higher Treasury yields and a selloff in technology shares.

274 Views    James Li    2018-10-11 21:13
Smart-bands don’t make economic sense for health care monitoring as patients already have smartphones to track the activity

Fitbit (FIT) was flying high yesterday as the infamous short seller Citron Research cheered for the company, making a case for a $15 stock price in a report released recently. The market turned ecstatic, bidding Fitbit up more than 14% by market close on Monday.

Andrew Left, the CEO of Citron Research, argued that Fitbit is positioned to benefit from the health care monitoring market, rather than the consumer wristband market.

“Fit has the ability to become one of the most important med-tech [medical oriented technology] companies out there; and that’s not my opinion, that also if you

135 Views    Soid Ahmad    2018-06-12 15:51
The company posted disappointing 4th-quarter results

Fitbit Inc. (FIT) disappointed shareholders in 2017 as the stock was down almost 22%. The company's downturn started after it reached its all-time high soon after its initial public offering (IPO) in June 2015. Since then, the stock has lost nearly 90% of its overall value.

Further, the stock is off to an awful start heading into 2018.

Shares of Fitbit plunged more than 12% on Feb. 27 – the day after the wearable device maker reported weak fourth-quarter results. For the quarter, the company posted a net loss of 2 cents, missing the consensus estimate.

Revenue came in at

115 Views    Harsh Jain    2018-02-28 21:16
Watch AmerisourceBergen, Walgreens, Palo Alto Networks, Fitbit

In Tuesday trading, AmerisourceBergen Corp. (ABC) lost ground on news reported by CNBC that there will be no merger agreement between the company and Walgreens Boots Alliance Inc. (WBA). Walgreens' stock was also down on Tuesday.

Shares of Palo Alto Networks Inc. (PANW) traded higher on the heels of the company reporting its financial results for the second quarter. The company posted adjusted earnings of 86 cents per share. Revenue increased 28.3% year over year to $542.4 million. The company beat earnings estimates by seven cents and revenue expectations by $17.42 million.

"Digital transformation requires security transformation built upon increasing

39 Views    Omar Venerio    2018-02-27 19:47
The wearables maker's revenue continues decelerating at a steady rate

Fitbit Inc. (FIT) has been a beaten-down stock as it has lost more than 85% of its value since reaching its all-time high in July 2015. Shares of Fitbit are down over 18% year to date. The wearables maker continues losing steam mainly due to reduced guidance, overlooked products as well as mass analyst downgrades that drove its stock into the single digits.

Fitbit reported third-quarter results on Nov. 1. For the quarter, the company posted earnings per share of -1 cent, beating the analysts' estimate by 3 cents. On the other hand, its revenue came in at $393 million,

87 Views    Harsh Jain    2017-11-07 20:03
Aviation and Outdoor business units look promising

Garmin (GRMN) is the world’s largest brand in the Global Positioning System (GPS) market. The company’s GPS technology delivers innovative products across several markets including aviation, marine, fitness, outdoor recreation, tracking and mobile apps.

Garmin has experienced high growth in some of its product lines while others have slowed over the recent quarters. In the most recent quarter, the company’s revenue and profits beat analyst estimates prompting a 7.5% spike in stock price as investors moved to capitalize on the management’s new guidance for the current fiscal year, but this spike was short-lived.

While Garmin remains one of the best

115 Views    Nicholas Kitonyi    2017-08-17 19:04
A look at the side of the wearable technology space that is growing the fastest and a company that has established itself as an early leader in the sector

From a consumer perspective, the wearable technology industry has, over the last five years, seemed to stagnate. Sure, people are using fitness trackers to monitor daily activity and smart watches are slowly gaining traction at the fringe of the technologically savvy consumer group, but the industry remains a long way off forecasts put in place as little as a few years ago.

And it is not just about perception – the numbers support the above statements. Apple Inc.'s (AAPL) Apple Watch sales are in decline having never really peaked, Fitbit Inc.'s (FIT) product portfolio is going the same way

424 Views    George Ronan    2017-07-27 20:22
The company's revenue growth has slowed considerably

Under Armour (UA) (UAA) disappointed shareholders in 2016, and the story is the same this year as well. The stock is down nearly 31% year to date and looks like it will continue facing problems in the year ahead considering its slowing sales, shrinking margins and migration of key executives.

The company’s revenue growth has slowed considerably. Its revenue surged 22% last year, down from 29% in 2015. Moreover, it is expected to grow just 11% this year. The primary reason behind that slowdown is continuously growing competition with the bankruptcy of Sports Authority saturating the market with low-priced athletic

584 Views    Harsh Jain    2017-07-12 19:19
Company's revenue growth has slowed considerably which is not a good sign for shareholders

Fitbit's (FIT) share price peaked within one month after its initial public offering (IPO). After reaching its all-time high, the stock continues to tumble and has lost more than 85% of its value. Currently, the stock is down nearly 27% year to date and looks like it still has more downside to offer.

Although the company managed to beat analysts' estimate on both the bottom line and top line in the most recent quarter, its revenue growth has slowed considerably. In the first quarter, the company reported revenue of $298.94 million, representing a drop of almost 41% year over year.

139 Views    Harsh Jain    2017-06-28 19:00
Company is still facing multiple headwinds and turnaround chances are next to zero

Fitbit (FIT) has fallen over 85% from its all-time highs. Despite the massive drop, investors who are thinking of catching the falling knife should reconsider their positions. More often than not, a strong decline in stock price has a justifiable reason, which is what makes bottom fishing a very risky investment style. While timing the bottom with perfection or near-perfection can result in great profits, investors should be very cautious.

In the case of Fitbit, the company’s decline has been facilitated by declining margins and an increasing threat of irrelevancy in the long run. Like GoPro (GPRO), Fitbit’s products are

208 Views    Naman Shukla    2017-04-26 16:48
Stock may still head lower, but it may be an ideal time for investors to cover their shorts

I have been a Fitbit Inc. (FIT) bear for quite a long time and have been recommending investors to short the stock since it was trading in the sub-$20 range. The stock has obviously dipped considerably since then on account of its slower growth, increasing competition and capital expenditure headwinds.

Investors who have been short Fitbit all this while should probably consider covering their positions right now. I am not saying I expect Fitbit to move higher in the foreseeable future—in fact, I expect Fitbit to continue heading lower. Regardless, I think investors should book profits by covering their positions

161 Views    Akshansh Gandhi    2017-03-06 22:34
7 stocks with negative performances over the last 6 months

While gurus hold positions in these companies, the stock price and returns continue to fall. These are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.

Dynegy Inc. (DYN) had a negative performance of 29.8% over the last six months. Despite this, four mutual funds are holding the stock with a total weight of 2.66% on their portfolios.

The company has a market cap of $1.15 million, and the stock is trading with a price-sales (P/S) ratio of 0.26. The price of $8.75 is 66.25% below its 52-week high

257 Views    Tiziano Frateschi    2017-02-16 20:18
DarioHealth is changing the shape of the industry by bringing monitoring to smartphones

(This article was originally featured on CNA Finance.)

Disclosure: The author has no positions nor plans to hold any positions in any stock mentioned herein for a minimum of 72 hours.

Start a free seven-day trial of Premium Membership to GuruFocus.

389 Views    Joshua Rodriguez    2017-02-01 20:37
Preliminary earnings point toward a grim future

Fitbit Inc.'s (FIT) last two quarters have been disastrous for investors. The previous quarter's results saw a third off the stock's valuation shaved off whereas the current quarter's preliminary results indicate the company is reaching a point of market saturation. The management’s inability to tackle market saturation or have a long-term vision for the company’s future have hurt growth, which in turn has pushed the stock below six dollars for the first time since going public.

As per Fitbit’s preliminary results, the company expects sales of $572 million to $580 million, which is way lower than the previous estimate of

412 Views    Akshansh Gandhi    2017-01-31 17:48

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2020-08-13 $ 6.34 (0.16%)
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Fitbit Is a Disaster - GuruFocus.com
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