Shares of Owlet, Inc. (NYSE:OWLT – Get Free Report) have been given an average rating of “Hold” by the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.00.
Several research firms have recently commented on OWLT. Wall Street Zen upgraded Owlet from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Owlet from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. Finally, TD Cowen restated a “buy” rating and set a $10.00 price target (down from $13.00) on shares of Owlet in a research report on Monday, June 22nd.
Check Out Our Latest Analysis on Owlet
Owlet Stock Performance
Owlet (NYSE:OWLT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.04. Owlet had a negative net margin of 8.61% and a negative return on equity of 601.24%. The business had revenue of $33.87 million during the quarter, compared to the consensus estimate of $31.71 million. As a group, analysts forecast that Owlet will post -0.25 EPS for the current year.
Institutional Investors Weigh In On Owlet
A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new position in shares of Owlet in the first quarter valued at about $43,000. Bank of America Corp DE boosted its holdings in shares of Owlet by 6,517.7% during the third quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock worth $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 second quarter worth about $90,000. State of Wyoming bought a new stake in shares of Owlet in the first quarter worth about $220,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Owlet during the 4th quarter valued at about $242,000. Institutional investors own 72.60% of the company’s stock.
About Owlet
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.
Featured Articles
- Five stocks we like better than Owlet
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Owlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owlet and related companies with MarketBeat.com's FREE daily email newsletter.
