Owlet (OWLT) Set to Announce Quarterly Earnings on Thursday

Owlet (NYSE:OWLTGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Owlet to post earnings of ($0.18) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Owlet (NYSE:OWLTGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.01. The business had revenue of $21.50 million for the quarter. On average, analysts expect Owlet to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Owlet Stock Up 1.0 %

Shares of NYSE OWLT opened at $2.09 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $237.17 million and a PE ratio of -1.63. The company has a 50-day moving average of $2.45 and a 200 day moving average of $2.86. Owlet has a 12-month low of $1.56 and a 12-month high of $10.57.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Citigroup Inc. purchased a new position in Owlet during the 1st quarter worth $43,000. Mirabella Financial Services LLP grew its position in Owlet by 30.8% during the 1st quarter. Mirabella Financial Services LLP now owns 18,400 shares of the company’s stock worth $82,000 after purchasing an additional 4,330 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Owlet during the 1st quarter worth $117,000. Bank of America Corp DE grew its position in Owlet by 35.6% during the 1st quarter. Bank of America Corp DE now owns 41,623 shares of the company’s stock worth $185,000 after purchasing an additional 10,920 shares during the last quarter. Finally, State Street Corp grew its position in Owlet by 5.1% during the 1st quarter. State Street Corp now owns 246,849 shares of the company’s stock worth $1,098,000 after purchasing an additional 12,049 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup increased their target price on shares of Owlet from $2.50 to $3.25 in a report on Thursday, May 12th.

About Owlet

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Owlet, Inc operates as a digital parenting platform in the United States. The company's platform focuses on giving real-time data and insights to parents. Its products include Smart Sock, a baby monitor to track an infant's oxygen levels, heart rates, and sleep trends; Dream Sock, an app to assist children for better sleep; Cam, a video streaming app to hear and see baby from anywhere; and Dream Lab, an interactive online platform that assists families in building healthy sleep habits.

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