Owlet (NYSE:OWLT) Trading Up 0.7%

Owlet, Inc. (NYSE:OWLT) shares were up 0.7% during trading on Thursday . The company traded as high as $4.34 and last traded at $4.23. Approximately 13,882 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 57,949 shares. The stock had previously closed at $4.20.

Owlet Stock Performance

The business’s 50-day moving average price is $3.86 and its 200 day moving average price is $4.12. The company has a market cap of $36.21 million, a P/E ratio of -0.56 and a beta of 1.52.

Owlet (NYSE:OWLT) last announced its quarterly earnings data on Monday, August 14th. The company reported ($0.88) EPS for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.16. The firm had revenue of $13.10 million during the quarter. Equities research analysts forecast that Owlet, Inc. will post -1.72 earnings per share for the current year.

Institutional Trading of Owlet

Several hedge funds and other institutional investors have recently modified their holdings of OWLT. Rhumbline Advisers bought a new stake in shares of Owlet during the 2nd quarter worth about $26,000. Salem Investment Counselors Inc. bought a new stake in shares of Owlet during the 2nd quarter worth about $26,000. Jacobs Levy Equity Management Inc. bought a new stake in Owlet in the 3rd quarter valued at about $32,000. Allspring Global Investments Holdings LLC boosted its holdings in Owlet by 6,934.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 118,454 shares of the company’s stock valued at $38,000 after purchasing an additional 116,770 shares during the period. Finally, Citigroup Inc. bought a new stake in Owlet in the 1st quarter valued at about $43,000.

Owlet Company Profile

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. It offers smart monitoring products, which includes Dream Sock accompanying Owlet Dream App allows parents to view their baby's sleep quality indicators, such as waking, heart rate, and movement; and the Dream Sock Plus based on same core technology as the Dream Sock, which is designed to grow with the children from new born to five years through an expanded fabric sock sets primarily for the U.S.