Owlet, Inc. (NYSE:OWLT – Get Free Report) has been given an average recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.00.
Several equities research analysts recently commented on the company. Wall Street Zen raised Owlet from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of Owlet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 25th. Finally, TD Cowen reiterated a “buy” rating and issued a $10.00 target price (down from $13.00) on shares of Owlet in a research note on Monday, June 22nd.
Read Our Latest Stock Report on Owlet
Owlet Stock Down 7.1%
Shares of Owlet stock opened at $4.12 on Monday. Owlet has a 12 month low of $4.11 and a 12 month high of $16.94. The stock has a market cap of $120.53 million, a PE ratio of -5.50 and a beta of 1.91. The business has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $5.28.
Owlet (NYSE:OWLT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $33.87 million during the quarter, compared to analyst estimates of $31.71 million. Owlet had a negative net margin of 8.61% and a negative return on equity of 601.24%. Analysts expect that Owlet will post -0.25 EPS for the current fiscal year.
Institutional Investors Weigh In On Owlet
A number of large investors have recently bought and sold shares of OWLT. Eclipse Operations LLC acquired a new stake in Owlet in the 2nd quarter worth approximately $44,202,793. Granahan Investment Management LLC grew its holdings in Owlet by 72.8% during the first quarter. Granahan Investment Management LLC now owns 1,186,655 shares of the company’s stock valued at $6,099,000 after purchasing an additional 499,906 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Owlet during the second quarter valued at approximately $7,034,000. Bank of America Corp DE lifted its stake in shares of Owlet by 446.1% in the first quarter. Bank of America Corp DE now owns 96,241 shares of the company’s stock worth $495,000 after buying an additional 78,619 shares during the last quarter. Finally, Next Century Growth Investors LLC lifted its stake in shares of Owlet by 18.4% in the fourth quarter. Next Century Growth Investors LLC now owns 484,908 shares of the company’s stock worth $7,851,000 after buying an additional 75,408 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors.
Owlet Company Profile
Owlet, Inc develops technology designed to help parents and caregivers monitor infants and young children. The company combines wearable sensors, connected cameras and mobile software to provide information about sleep, movement and selected wellness indicators through its digital platform.
Its products include the Dream Sock, a wearable infant monitor that tracks sleep-related data and other measurements, as well as the Owlet Cam and Dream Duo, which combine camera-based video and audio monitoring with wearable technology.
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