Owlet (OWLT) to Release Earnings on Tuesday

Owlet (NYSE:OWLT) is projected to release its earnings data 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. Persons 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. Owlet has a 1 year low of $3.20 and a 1 year high of $6.25. The firm has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.67. The company has a market cap of $83.01 million, a price-to-earnings ratio of -2.17 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on shares of Owlet in a research note on Friday. They set a “buy” rating and a $8.50 price objective for the company.

Insider Buying and Selling at Owlet

In other Owlet news, insider Jonathan Harris sold 7,740 shares of Owlet stock in a transaction that occurred 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 transaction, the insider now directly owns 280,877 shares of the company’s stock, valued at $1,207,771.10. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 25,254 shares of company stock valued at $111,558. Company insiders own 67.07% of the company’s stock.

About Owlet

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.