Owlet, Inc. (NYSE:OWLT) Stock Has Consensus Target Price of $15.00 According to Analysts

Shares of Owlet, Inc. (NYSE:OWLT) have been given an average rating of “Hold” by the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.00.

OWLT has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Owlet from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. TD Cowen reissued a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Owlet in a research note on Monday, June 22nd. Finally, Weiss Ratings raised Owlet from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 25th.

Owlet Stock Up 0.4%

OWLT opened at $4.12 on Monday. Owlet has a twelve month low of $4.11 and a twelve month high of $16.94. The company has a fifty day moving average of $5.08 and a 200-day moving average of $5.28. The stock has a market cap of $120.53 million, a PE ratio of -5.50 and a beta of 1.91.

Owlet (NYSE:OWLT) last released its earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. The business had revenue of $33.87 million for 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%. Sell-side analysts anticipate that Owlet will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Owlet

Several large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its stake in Owlet by 2.2% in the second quarter. Squarepoint Ops LLC now owns 98,191 shares of the company’s stock valued at $564,000 after buying an additional 2,116 shares during the period. Perkins Capital Management Inc. boosted its holdings in shares of Owlet by 3.9% during the 1st quarter. Perkins Capital Management Inc. now owns 106,095 shares of the company’s stock worth $545,000 after buying an additional 3,990 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in shares of Owlet during the 2nd quarter worth approximately $115,000. State of Wyoming acquired a new stake in shares of Owlet during the 1st quarter worth approximately $220,000. Finally, Walleye Capital LLC acquired a new stake in shares of Owlet during the 1st quarter worth approximately $343,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

About Owlet

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.