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

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.

Owlet Company Profile

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.