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

Shares of Owlet, Inc. (NYSE:OWLTGet Free Report) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.00.

A number of research firms have commented on OWLT. William Blair assumed coverage on shares of Owlet in a research report on Tuesday, December 9th. They set an “outperform” rating on the stock. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Owlet in a research note on Thursday, January 22nd. Wall Street Zen cut Owlet from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, TD Cowen reiterated a “buy” rating on shares of Owlet in a report on Thursday, January 8th.

View Our Latest Stock Analysis on OWLT

Insider Transactions at Owlet

In other Owlet news, CEO Jonathan Harris sold 2,311 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $13.33, for a total value of $30,805.63. Following the completion of the transaction, the chief executive officer directly owned 264,396 shares in the company, valued at approximately $3,524,398.68. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 52.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Owlet during the 1st quarter worth approximately $43,000. XTX Topco Ltd purchased a new position in Owlet in the second quarter worth $90,000. Marshall Wace LLP acquired a new position in shares of Owlet during the second quarter worth $336,000. Archon Capital Management LLC purchased a new stake in shares of Owlet during the 2nd quarter valued at $442,000. Finally, Next Century Growth Investors LLC acquired a new stake in shares of Owlet in the 2nd quarter worth $1,653,000. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Owlet Stock Down 0.8%

OWLT opened at $11.79 on Friday. The stock’s fifty day moving average is $13.03 and its two-hundred day moving average is $11.01. The company has a market capitalization of $201.33 million, a P/E ratio of -4.00 and a beta of 1.77. Owlet has a 52 week low of $2.75 and a 52 week high of $16.94.

Owlet (NYSE:OWLTGet Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $26.60 million for the quarter, compared to the consensus estimate of $26.01 million. Equities analysts anticipate that Owlet will post -0.76 earnings per share for the current year.

Key Owlet News

Here are the key news stories impacting Owlet this week:

Owlet Company Profile

(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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