Owlet (OWLT) Projected to Post Quarterly Earnings on Tuesday

Owlet (NYSE:OWLT - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Owlet to post earnings of ($0.48) per share and revenue of $17.11 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Owlet Stock Performance

NYSE:OWLT traded down $0.11 during mid-day trading on Friday, hitting $4.55. The stock had a trading volume of 51,763 shares, compared to its average volume of 32,317. The company's 50 day simple moving average is $4.63 and its 200 day simple moving average is $4.67. The stock has a market cap of $72.96 million, a price-to-earnings ratio of -1.90 and a beta of 1.51. Owlet has a twelve month low of $3.20 and a twelve month high of $5.96.

Analyst Ratings Changes

Separately, Lake Street Capital initiated coverage on Owlet in a report on Friday, February 21st. They set a "buy" rating and a $8.50 target price on the stock.

Insider Activity

In other news, insider Jonathan Harris sold 7,740 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $4.30, for a total value of $33,282.00. Following the transaction, the insider now owns 280,877 shares of the company's stock, valued at approximately $1,207,771.10. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 25,254 shares of company stock valued at $111,558 over the last ninety days. 67.07% of the stock is currently owned by company insiders.

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.