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home / news releases / FIT - Fitbit: A Prudent Pivot


FIT - Fitbit: A Prudent Pivot

As my subscribers know, I have been a Fitbit (FIT) bull for about two years now. Although the stock has not performed as I had expected, I remain very bullish and have used the negative sentiment in FIT to acquire shares at a significantly undervalued level. For full disclosure, FIT represents a significant portion of my portfolio and my average cost basis is around $4.80 per share.

Although FIT reported a great Q4, reporting revenue of $571.2 million (beating expectations by $1.85 million) and GAAP EPS of $0.06 per share (beating expectations

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Stock Information

Company Name: Fitbit Inc. Class A
Stock Symbol: FIT
Market: NYSE
Website: fitbit.com

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