Northland Securities Has Negative View of Owlet Q2 Earnings

Owlet, Inc. (NYSE:OWLT) – Stock analysts at Northland Securities decreased their Q2 2026 earnings per share (EPS) estimates for shares of Owlet in a note issued to investors on Tuesday, March 24th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of ($0.21) for the quarter, down from their prior estimate of ($0.20). Northland Securities has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Securities also issued estimates for Owlet’s Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at ($0.20) EPS and FY2026 earnings at ($0.76) EPS.

OWLT has been the topic of several other reports. Wall Street Zen lowered Owlet from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Owlet in a research report on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of Owlet in a research note on Friday, March 6th. Finally, William Blair initiated coverage on shares of Owlet in a report on Tuesday, December 9th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Owlet presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Owlet Trading Down 4.1%

NYSE OWLT opened at $4.90 on Friday. The stock has a market capitalization of $138.01 million, a P/E ratio of -1.81 and a beta of 1.77. The business has a 50 day simple moving average of $10.09 and a 200 day simple moving average of $10.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.85 and a quick ratio of 1.51. Owlet has a one year low of $2.75 and a one year high of $16.94.

Owlet (NYSE:OWLT) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The business had revenue of $26.55 million during the quarter, compared to analyst estimates of $26.01 million.

Insiders Place Their Bets

In other Owlet news, CEO Jonathan Harris sold 2,311 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $13.33, for a total value of $30,805.63. Following the transaction, the chief executive officer owned 264,396 shares in the company, valued at approximately $3,524,398.68. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.20% of the company’s stock.

Hedge Funds Weigh In On Owlet

Institutional investors have recently modified their holdings of the company. Eclipse Operations LLC bought a new position in shares of Owlet in the 4th quarter worth $124,677,000. AWM Investment Company Inc. bought a new stake in Owlet during the 4th quarter valued at $28,304,000. Granahan Investment Management LLC raised its holdings in Owlet by 135.9% during the third quarter. Granahan Investment Management LLC now owns 509,904 shares of the company’s stock worth $4,319,000 after buying an additional 293,771 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Owlet during the fourth quarter worth $3,662,000. Finally, Next Century Growth Investors LLC bought a new position in shares of Owlet in the second quarter valued at $1,653,000. 72.60% of the stock is owned by institutional investors and hedge funds.

Owlet Company Profile

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.