Home » Stocks » FIT

Fitbit, Inc. (FIT)

Jan 14, 2021 - FIT was delisted after being acquired by GOOGL
Stock Price: $6.93 USD -0.06 (-0.86%)
Updated Jan 13, 2021 4:00 PM EST
Market Cap 1.89B
Revenue (ttm) 1.32B
Net Income (ttm) -259.09M
Shares Out 270.44M
EPS (ttm) -0.98
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day Jan 13, 2021
Last Price $6.93
Previous Close $6.99
Change ($) -0.06
Change (%) -0.86%
Day's Open 6.99
Day's Range 6.92 - 7.02
Day's Volume 3,115,506
52-Week Range 5.99 - 7.25

News

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GuruFocus - 1 week ago

Prem Watsa (Trades, Portfolio)'s Fairfax Financial Holdings sold shares of the following stocks during the fourth quarter, which ended on Dec. 31.

Other stocks mentioned: GIL
GuruFocus - 1 week ago

Prem Watsa (Trades, Portfolio), the founder and chairman of Fairfax Financial Ltd. (TSX:FFH), disclosed this week that his insurance company's top five trades during the fourth quarter feature...

Other stocks mentioned: GIL, MRK, NTES, PFE
Investors Business Daily - 1 month ago

Google stock climbed after parent Alphabet said it closed the acquisition of smartwatch maker Fitbit for $2.1 billion, giving it a top brand in the health and fitness markets versus Apple. The...

Other stocks mentioned: GOOG, GOOGL
The Motley Fool - 1 month ago

Two regulatory reviews are still pending, but their official deadlines have expired.

Other stocks mentioned: GOOG, GOOGL
Reuters - 1 month ago

Fitbit Inc has completed its merger with Alphabet Inc's Google, the companies said on Thursday.

Other stocks mentioned: GOOG, GOOGL
Market Watch - 1 month ago

Fitbit Inc. announced Thursday morning that its acquisition by Alphabet Inc.'s [s; GOOGL] Google has officially closed. Alphabet agreed to pay about $2.1 billion, or $7.35 a share, to acquire ...

Other stocks mentioned: GOOG, GOOGL
TechCrunch - 1 month ago

Following regulatory scrutiny on both sides of the pond, Google this morning announced that it has completed its acquisition of wearables pioneer, Fitbit. Google's use of the vast amount of us...

Other stocks mentioned: GOOG, GOOGL
CNBC - 1 month ago

Alphabet-owned Google announced Thursday it's finally completed its acquisition of Fitbit.

Other stocks mentioned: GOOG, GOOGL
GeekWire - 1 month ago

Market intelligence firm Apptopia released its report on the most downloaded mobile apps of 2020.

Other stocks mentioned: RBLX
New York Post - 2 months ago

Fitbit shares sagged as much as 6 percent Tuesday after Australian antitrust regulators threw yet another roadblock in front of its acquisition by Google. Officials in the land Down Under reje...

Zacks Investment Research - 2 months ago

The need to stay fit and healthy amid the pandemic-led lockdowns has led to an increase in exercise-at-home trends. This has resulted in higher demand for fitness accessories, equipment and ge...

Other stocks mentioned: LULU, NKE, PTON
The Motley Fool - 2 months ago

European regulators have signed off on the deal -- but with some strings attached.

Other stocks mentioned: GOOG, GOOGL
Seeking Alpha - 2 months ago

Fitbit: EU Approves The Deal

Other stocks mentioned: GOOG, GOOGL
PYMNTS - 2 months ago

Even amid a crackdown on tech acquisitions, Google has managed to win European Union approval for its $2.1 billion purchase of fitness tracker Fitbit, according to Bloomberg. The move comes as...

Other stocks mentioned: GOOG, GOOGL
Benzinga - 2 months ago

Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has received European Union antitrust approval for its $2.1-billion — or $7.35 per share in cash — acquisition of Fitbit Inc (NYSE: FIT) af...

Other stocks mentioned: GOOG, GOOGL
New York Post - 2 months ago

Google won EU antitrust approval on Thursday for its $2.1 billion bid for Fitbit after agreeing to restrictions on how it will use customers' health-related data. The deal had triggered critic...

Other stocks mentioned: GOOG, GOOGL
Barrons - 2 months ago

The approval comes after a monthslong investigation over concerns about the acquisition's effect on Google's market position in the European Economic Area.

Other stocks mentioned: GOOG, GOOGL
Market Watch - 2 months ago

Alphabet Inc.'s Google finally obtained approval from the European Commission to acquire Fitbit Inc., after satisfying concerns about how the advertising giant would make use of health data ob...

Other stocks mentioned: GOOG, GOOGL
Market Watch - 2 months ago

The European Union has approved Google's $2.1 billion acquisition of Fitbit after securing concessions from the tech giant, including preventing it from using users' health data for advertisin...

Other stocks mentioned: GOOG, GOOGL
Forbes - 2 months ago

Google will compete with Apple, Garmin and Samsung.

Other stocks mentioned: GOOG, GOOGL
TechCrunch - 2 months ago

Europe has greenlit Google's $2.1BN acquisition of fitness wearable maker Fitbit, applying a number of conditions intended to shrink competition concerns over letting it gobble a major cache o...

Other stocks mentioned: GOOG, GOOGL
CNET - 2 months ago

It comes after the European Commission investigated the search giant's promise not to use health data for targeting ads.

Other stocks mentioned: GOOG, GOOGL
Reuters - 2 months ago

EU antitrust regulators on Thursday approved with conditions Alphabet unit Google's $2.1 billion bid for Fitbit after the world's most popular internet search engine pledged not to hinder riva...

Other stocks mentioned: GOOG, GOOGL
CNBC - 2 months ago

Google's $2.1 billion acquisition of Fitbit has been approved by the European Commission, the executive arm of the EU.

Other stocks mentioned: GOOG, GOOGL
TechCrunch - 2 months ago

The European Commission must block the Google -Fitbit merger as a matter of democratic imperative, prominent academic and author Shoshana Zuboff has warned. The Harvard professor who wrote the...

Other stocks mentioned: GOOG, GOOGL
Zacks Investment Research - 2 months ago

Fitbit (FIT) reported earnings 30 days ago. What's next for the stock?

TechCrunch - 3 months ago

Human rights NGO, Amnesty International, has written to the EU's competition regulator calling for Google's acquisition of wearable maker Fitbit to be blocked — unless meaningful safeguards ca...

Other stocks mentioned: GOOG, GOOGL
Business Wire - 3 months ago

TOKYO--(BUSINESS WIRE)--Fitbit and JMDC sign agreement to appoint JMDC as exclusive distributor of Fitbit Premium for Enterprise Customers in Japan

Zacks Investment Research - 3 months ago

Fitbit (FIT) adds new voice assistant support feature and other health capabilities to recently released smartwatches.

Schaeffers Research - 3 months ago

The shares of Fitbit Inc (NYSE:FIT) are up 0.8% at a fresh annual high of $7.20 at last check.

Business Wire - 3 months ago

SAN FRANCISCO--(BUSINESS WIRE)--Fitbit (NYSE: FIT) today announced the availability of its OS 5.1 software update, which expands on its existing health capabilities and brings new convenience ...

Zacks Investment Research - 3 months ago

Fitbit (FIT) reports better-than-expected third-quarter revenues. However, uncertainty around consumer demand continues due to the COVID-19 pandemic.

The Motley Fool - 3 months ago

They have low prices but high ceilings.

Other stocks mentioned: APRN, SIRI
Zacks Investment Research - 3 months ago

Fitbit (FIT) delivered earnings and revenue surprises of 72.73% and 21.68%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 3 months ago

Shares of Fitbit (NYSE:FIT) rose 0.72% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 70.00% over the past year to ($0.03), which beat...

Business Wire - 3 months ago

SAN FRANCISCO--(BUSINESS WIRE)--Fitbit, Inc. (NYSE:FIT) today reported revenue of $364 million, GAAP net loss per share of $(0.20), non-GAAP net loss per share of $(0.03), GAAP net loss of $(5...

Business Wire - 4 months ago

SAN FRANCISCO--(BUSINESS WIRE)--Fitbit (NYSE: FIT) Fitbit announced today it has been selected by the U.S. Army Medical Research and Development Command (USAMRDC) to receive nearly $2.5 millio...

Zacks Investment Research - 4 months ago

Fitbit (FIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Motley Fool - 4 months ago

Antitrust regulators in Japan are now looking at the proposed acquisition.

Other stocks mentioned: GOOG, GOOGL
Reuters - 4 months ago

Japan's antitrust watchdog can open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals was big enough, Kazuyuki Furuya, the new chairma...

The Motley Fool - 4 months ago

European antitrust regulators have extended their deadline to approve the deal.

Other stocks mentioned: GOOG, GOOGL
Reuters - 4 months ago

Alphabet unit Google has tweaked its concessions aimed at allaying EU antitrust concerns about its $2.1 billion purchase of Fitbit , people familiar with the matter said, putting it on course ...

Other stocks mentioned: GOOG, GOOGL
TechCrunch - 4 months ago

The deadline for Europe to make a call on the Google -Fitbit merger has been pushed out again — with EU regulators now having until January 8, 2021, to take a decision. The latest change to th...

Other stocks mentioned: GOOG, GOOGL
Reuters - 4 months ago

EU antitrust regulators have extended their investigation into Alphabet unit Google's $2.1 billion purchase of Fitbit to Jan. 8 from Dec. 23, a filing on the European Commission website showed...

Other stocks mentioned: GOOG, GOOGL
Business Wire - 4 months ago

SAN FRANCISCO--(BUSINESS WIRE)--Fitbit (NYSE: FIT), the leading global wearables brand, today announced that it expects to release results for its third quarter 2020 on Wednesday, November 4, ...

InvestorPlace - 4 months ago

European regulators are considering new concessions that should allow Alphabet to close its deal and pay $7.35 per share for FIT stock. The post Fitbit Is Tracking Closer to Its Deal With Goog...

Other stocks mentioned: GOOG, GOOGL
InvestorPlace - 4 months ago

Investors will eventually grow tired of Fitbit's losses and zero profit outlook. Fitbit stock has no chance of rising until it can produce higher revenue and positive FCF despite growing compe...

CNET - 4 months ago

Google's purchase of Fitbit has raised concerns, but it may be close to getting approval.

Other stocks mentioned: GOOG, GOOGL
Seeking Alpha - 4 months ago

Fitbit: Google's Further Concessions Should Suffice To Seal The Deal

Other stocks mentioned: GOOG, GOOGL
Reuters - 4 months ago

Google's bid to win EU approval for its $2.1 billion purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people fa...

Other stocks mentioned: GOOG, GOOGL

About FIT

Fitbit, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Inspire, Fitbit Inspire HR, and Fitbit Ace 2 activity trackers; Fitbit Ionic and Fitbit Versa family of smartwatches, as well as Fitbit Flyer wireless headphones and the Fitbit Aria family of connected scales; and accessories, such as bands and frames for its devices. It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data ... [Read more...]

Industry
Scientific & Technical Instruments
IPO Date
Jun 18, 2015
CEO
James Park
Employees
1,764
Stock Exchange
NYSE
Ticker Symbol
FIT
Full Company Profile

Financial Performance

In 2019, Fitbit's revenue was $1.43 billion, a decrease of -5.11% compared to the previous year's $1.51 billion. Losses were -$320.71 million, 72.6% more than in 2018.

Financial Statements