Northland Capmk Weighs in on Owlet’s Q4 Earnings (NYSE:OWLT)

Owlet, Inc. (NYSE:OWLT) – Research analysts at Northland Capmk issued their Q4 2027 earnings per share (EPS) estimates for shares of Owlet in a report released on Tuesday, December 30th. Northland Capmk analyst O. Rickert forecasts that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share.

OWLT has been the subject of several other research reports. William Blair began coverage on shares of Owlet in a research note on Tuesday, December 9th. They set an “outperform” rating for the company. Northland Securities set a $20.00 price target on shares of Owlet and gave the stock an “outperform” rating in a report on Tuesday. Zacks Research raised Owlet from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Wall Street Zen raised Owlet from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Owlet in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $14.25.

Owlet Stock Performance

OWLT stock opened at $16.25 on Friday. The firm has a market cap of $277.55 million, a price-to-earnings ratio of -5.51 and a beta of 1.77. The firm has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $9.53. Owlet has a one year low of $2.75 and a one year high of $16.94.

Owlet (NYSE:OWLT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.26. The company had revenue of $31.99 million for the quarter, compared to analysts’ expectations of $26.00 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Granahan Investment Management LLC grew its stake in shares of Owlet by 135.9% during the 3rd quarter. Granahan Investment Management LLC now owns 509,904 shares of the company’s stock worth $4,319,000 after purchasing an additional 293,771 shares during the period. Bank of America Corp DE boosted its holdings in 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 buying an additional 5,149 shares in the last quarter. Vanguard Group Inc. grew its position in Owlet by 86.3% during the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock valued at $3,302,000 after buying an additional 180,619 shares during the period. Next Century Growth Investors LLC purchased a new position in Owlet in the second quarter valued at $1,653,000. Finally, Archon Capital Management LLC acquired a new position in shares of Owlet in the second quarter worth about $442,000. 72.60% of the stock is owned by institutional investors and hedge funds.

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.