Owlet, Inc. (NYSE:OWLT) Receives Average Rating of “Hold” from Analysts

Owlet, Inc. (NYSE:OWLTGet Free Report) has been given a consensus recommendation of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

Several brokerages have issued reports on OWLT. TD Cowen reissued a “buy” rating and issued a $10.00 target price (down from $13.00) on shares of Owlet in a research report on Monday, June 22nd. Wall Street Zen upgraded Owlet from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings cut shares of Owlet from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th.

Check Out Our Latest Report on OWLT

Institutional Investors Weigh In On Owlet

Several institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Owlet in the 4th quarter worth $60,000. Bank of America Corp DE increased its position in Owlet by 6,517.7% during the 3rd quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock valued at $44,000 after purchasing an additional 5,149 shares during the period. XTX Topco Ltd bought a new stake in shares of Owlet in the 2nd quarter valued at about $90,000. Goldman Sachs Group Inc. bought a new stake in shares of Owlet in the 1st quarter valued at about $43,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Owlet in the 4th quarter worth approximately $242,000. Institutional investors own 72.60% of the company’s stock.

Owlet Trading Up 0.5%

Owlet stock opened at $5.79 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.71 and a quick ratio of 1.33. The stock has a market capitalization of $168.23 million, a PE ratio of -1.89 and a beta of 1.84. The business’s fifty day moving average is $5.32 and its 200 day moving average is $8.58. Owlet has a one year low of $4.19 and a one year high of $16.94.

Owlet (NYSE:OWLTGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. The company had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $20.84 million. On average, sell-side analysts predict that Owlet will post -0.37 EPS for the current year.

About Owlet

(Get Free Report)

Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.

Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.

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Analyst Recommendations for Owlet (NYSE:OWLT)

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