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Owlet (NYSE:OWLT) Issues Quarterly Earnings Results, Beats Estimates By $0.41 EPS

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Owlet (NYSE:OWLT - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.41, Zacks reports. The firm had revenue of $20.50 million during the quarter, compared to the consensus estimate of $17.11 million. Owlet updated its FY 2025 guidance to EPS.

Owlet Trading Down 2.3 %

Shares of OWLT stock traded down $0.12 during trading hours on Friday, hitting $4.85. 51,412 shares of the company were exchanged, compared to its average volume of 34,403. The business has a 50 day moving average of $4.64 and a two-hundred day moving average of $4.67. Owlet has a 52 week low of $3.20 and a 52 week high of $5.96. The company has a market capitalization of $77.69 million, a PE ratio of -2.03 and a beta of 1.49.

Insider Transactions at Owlet

In other news, insider Jonathan Harris sold 7,740 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $4.30, for a total transaction of $33,282.00. Following the completion of the sale, the insider now owns 280,877 shares of the company's stock, valued at $1,207,771.10. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,254 shares of company stock valued at $111,558 over the last quarter. Corporate insiders own 67.07% of the company's stock.

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Analysts Set New Price Targets

Separately, Lake Street Capital started coverage on shares of Owlet in a research note on Friday, February 21st. They issued a "buy" rating and a $8.50 target price for the company.

View Our Latest Analysis on OWLT

Owlet Company Profile

(Get Free Report)

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.

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Earnings History for Owlet (NYSE:OWLT)

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