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FIT

Fitbit

$5.16

-0.11 (-2.09%)

14:12
03/22/18
03/22
14:12
03/22/18
14:12

Man sentenced to two years for fake Fitbit filing, SEC says

On March 9, 2018, Judge Katherine Forrest of the U.S. District Court for the Southern District of New York sentenced Robert Murray, a defendant in a pending SEC litigation, to two years imprisonment in connection with a scheme to manipulate Fitbit securities through false filings on the SEC's EDGAR system. Murray pled guilty on November 7, 2017. According to the SEC's complaint, Murray allegedly purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on the SEC's EDGAR system purporting that a sham company sought to acquire Fitbit's outstanding shares at a substantial premium. The SEC's action was stayed pending the outcome of the criminal case. Reference Link

FIT Fitbit
$5.16

-0.11 (-2.09%)

02/27/18
OPCO
02/27/18
NO CHANGE
Target $8
OPCO
Outperform
Fitbit transition starts 'modestly,' says Oppenheimer
Oppenheimer analyst Andrew Uerkwitz says Fitbit reported another "uninteresting" quarter. But with reactivations, cash being essentially flat, and recent digital health acquisitions, the analyst remains "ever the optimist." Uerkwitz reiterates an Outperform rating and $8 price target.
03/19/18
CHLM
03/19/18
INITIATION
Target $10
CHLM
Buy
Fitbit initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Alex Fuhrman started Fitbit with a Buy rating and $10 price target as he believes all pieces are in place for a successful change in strategy.
03/19/18
03/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pieris Pharmaceuticals (PIRS) initiated with an Outperform at Evercore ISI and a Buy at Jefferies. 2. ConvergeOne (CVON) initiated with an Outperform at William Blair. 3. II-VI (IIVI) initiated with a Buy at Deutsche Bank. 4. Fitbit (FIT) initiated with a Buy at Craig-Hallum. 5. Fastenal (FAST) initiated with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/18
ROTH
03/20/18
NO CHANGE
Target $8
ROTH
Buy
Fitbit new products help diversify base, says Roth Capital
Roth Capital analyst Scott Searle notes that Fitbit expanded its smartwatch product portfolio with the Versa and kid-friendly Ace fitness tracker, expanding its existing smartwatch portfolio beyond the male fitness oriented Ionic and better positioning the company to participate in the rapidly growing smartwatch market. With numbers de-risked, digital consumer and therapeutics models emerging and nearly $3 in net cash per share, the analyst believes shares remain attractive. Searle reiterates a Buy rating and $8 price target on the stock.

TODAY'S FREE FLY STORIES

CGC

Canopy Growth

$32.74

1.86 (6.02%)

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T

AT&T

$33.21

0.13 (0.39%)

, VIA

Viacom

$35.75

0.25 (0.70%)

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0.5 (1.66%)

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LGF.B

Lionsgate

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SNE

Sony

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DIS

Disney

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  • 11

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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11:15
08/17/18
08/17
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General news
Treasury Option Action: put butterfly positioning in the belly »

Treasury Option Action:…

BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

11:13
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11:13
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

TSM

TSMC

$39.87

-0.55 (-1.36%)

NVDA

Nvidia

$247.00

-10.57 (-4.10%)

AMD

AMD

$19.48

0.14 (0.72%)

OSTK

Overstock.com

$30.75

0.55 (1.82%)

DPW

DPW Holdings

$0.42

0.019 (4.76%)

KODK

Kodak

$2.90

-0.1 (-3.33%)

SSC

Seven Stars Cloud Group

$1.99

0.01 (0.51%)

RIOT

Riot Blockchain

$5.35

-0.055 (-1.02%)

TEUM

Pareteum

$2.52

-0.01 (-0.40%)

SRAX

Social Reality

$4.18

-0.16 (-3.69%)

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  • 23

    Aug

  • 28

    Aug

  • 12

    Sep

11:05
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The U.S. QSS figures »

The U.S. QSS figures that…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

, ESPR

Esperion

$48.10

1.41 (3.02%)

11:04
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Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

NVDA

Nvidia

$247.12

-10.45 (-4.06%)

ESPR

Esperion

$48.10

1.41 (3.02%)

DSW

DSW

$25.85

-1.97 (-7.08%)

MTCH

Match Group

$46.87

0.49 (1.06%)

03/08/13
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  • 28

    Aug

  • 12

    Sep

  • 12

    Sep

FIBK

First Interstate

$45.20

(0.00%)

11:02
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Hot Stocks
First Interstate completes acquisition of Northwest Bancorporation »

Effective August 16,…

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  • 07

    Nov

LB

L Brands

$32.34

0.24 (0.75%)

11:00
08/17/18
08/17
11:00
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Options
Defensive one-week option play in L Brands ahead of earnings »

Defensive one-week option…

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  • 23

    Aug

SYMC

Symantec

$19.44

0.115 (0.60%)

10:40
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08/17
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Options
Symantec sees in the money put buying »

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  • 12

    Sep

DE

Deere

$136.75

-0.63 (-0.46%)

10:39
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Breaking Hot Stocks news story on Deere »

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  • 17

    Aug

TSLA

Tesla

$313.73

-21.73 (-6.48%)

10:37
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Technical Take: Tesla nearing bearish head and shoulders target »

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  • 29

    Oct

PK

Park Hotels & Resorts

$32.15

-0.19 (-0.59%)

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10:35
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General news
FX Action: Cable is set to rack up a sixth consecutive week of declines »

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WBK

Westpac Banking

$21.99

0.09 (0.41%)

10:33
08/17/18
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10:33
Downgrade
Westpac Banking rating change  »

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  • 10

    Sep

DE

Deere

$137.29

-0.09 (-0.07%)

10:31
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Deere expects FY18 net operating cash flows from equipment operations $3.5B »

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  • 17

    Aug

SPY

SPDR S&P 500 ETF Trust

$283.54

-0.55 (-0.19%)

10:30
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Options
Bullish end of year play in SPYders »

Bullish end of year play…

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10:25
08/17/18
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General news
The Michigan sentiment drop to an 11-month low »

The Michigan sentiment…

GERN

Geron

$3.99

0.04 (1.01%)

10:20
08/17/18
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Options
Geron draws far upside call buyers »

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  • 04

    Sep

10:20
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General news
U.S. leading indicator rose 0.6% to 110.7 in July »

U.S. leading indicator…

DARE

Dare Bioscience

$1.01

0.01 (1.00%)

, WSC

WillScot

$16.10

0.2 (1.26%)

10:18
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On The Fly: Top five analyst initiations »

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DARE

Dare Bioscience

$1.01

0.01 (1.00%)

WSC

WillScot

$16.10

0.2 (1.26%)

LGND

Ligand

$237.18

-2.66 (-1.11%)

COT

Cott Corp.

$15.98

0.34 (2.17%)

AZRE

Azure Power

$15.95

(0.00%)

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  • 06

    Nov

DF

Dean Foods

$8.01

-0.62 (-7.18%)

, WAB

Wabtec

$108.87

-1.73 (-1.56%)

10:17
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10:17
Downgrade
On The Fly: Top five analyst downgrades »

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DF

Dean Foods

$8.01

-0.62 (-7.18%)

WAB

Wabtec

$108.87

-1.73 (-1.56%)

YUMC

Yum China

$34.48

-0.85 (-2.41%)

DSW

DSW

$25.77

-2.05 (-7.37%)

SUI

Sun Communities

$101.22

-0.895 (-0.88%)

03/08/13
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  • 28

    Aug

  • 10

    Sep

  • 12

    Sep

  • 06

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
08/17/18
08/17
10:17
08/17/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
08/17/18
08/17
10:16
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10:16
Technical Analysis
NYSE market internals summary »

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