Owlet (OWLT) Projected to Post Quarterly Earnings on Tuesday

Owlet (NYSE:OWLT) is projected to issue 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 interested in participating in the company’s conference call can do so using this link.

Owlet Stock Performance

Shares of OWLT opened at $4.55 on Friday. The stock has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $4.67. The stock has a market capitalization of $72.96 million, a PE ratio of -1.90 and a beta of 1.50. Owlet has a 1 year low of $3.20 and a 1 year high of $5.96.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on Owlet in a research note on Friday, February 21st. They issued a “buy” rating and a $8.50 price objective for the company.

Insider Activity at Owlet

In related news, insider Jonathan Harris sold 16,439 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $4.45, for a total value of $73,153.55. Following the completion of the transaction, the insider now directly owns 288,617 shares of the company’s stock, valued at $1,284,345.65. This represents a 5.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,254 shares of company stock valued at $111,558 over the last three months. 67.07% of the stock is owned by corporate insiders.

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.