Owlet (OWLT) to Release Quarterly Earnings on Tuesday

Owlet (NYSE:OWLT) will likely be issuing its quarterly earnings data after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of ($0.48) per share and revenue of $17.11 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Owlet Stock Performance

Owlet stock opened at $5.18 on Tuesday. The firm has a market capitalization of $83.01 million, a PE ratio of -2.17 and a beta of 1.50. Owlet has a one year low of $3.20 and a one year high of $6.25. The stock’s 50 day moving average price is $4.62 and its 200 day moving average price is $4.67.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on shares of Owlet in a research report on Friday. They set a “buy” rating and a $8.50 target price on the stock.

Insiders Place Their Bets

In other news, insider Jonathan Harris sold 7,740 shares of Owlet stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $4.30, for a total transaction of $33,282.00. Following the sale, the insider now directly owns 280,877 shares of the company’s stock, valued at approximately $1,207,771.10. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 25,254 shares of company stock worth $111,558 in the last quarter. 67.07% of the stock is owned by corporate 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.