Owlet (NYSE:OWLT – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm currently has a $4.25 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 11.26% from the company’s current price.
According to Zacks, “Owlet Baby Care Inc. provides digital parenting platform aims to give parents real-time data and insights to help parents feel more calm and confident. Owlet Baby Care Inc., formerly known as Sandbridge Acquisition Corporation, is based in LOS ANGELES. “
Separately, Citigroup boosted their price target on Owlet from $2.50 to $3.25 in a report on Thursday, May 12th.
Owlet (NYSE:OWLT – Get Rating) last issued its quarterly earnings data on Monday, March 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.12). The company had revenue of ($2.50) million during the quarter. As a group, research analysts expect that Owlet will post -0.59 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new stake in shares of Owlet during the 3rd quarter valued at $85,000. BlackRock Inc. purchased a new stake in Owlet during the third quarter valued at about $5,489,000. Goldman Sachs Group Inc. acquired a new stake in Owlet during the third quarter worth about $979,000. Geode Capital Management LLC acquired a new position in shares of Owlet in the 3rd quarter valued at about $2,895,000. Finally, Wasatch Advisors Inc. purchased a new stake in shares of Owlet during the 3rd quarter worth about $17,004,000. 37.56% of the stock is owned by hedge funds and other institutional investors.
Owlet Company Profile (Get Rating)
Owlet, Inc operates as a digital parenting platform in the United States. The company's platform focuses on giving real-time data and insights to parents. Its products include Smart Sock, a baby monitor to track an infant's oxygen levels, heart rates, and sleep trends; Dream Sock, an app to assist children for better sleep; Cam, a video streaming app to hear and see baby from anywhere; and Dream Lab, an interactive online platform that assists families in building healthy sleep habits.
- Get a free copy of the StockNews.com research report on Owlet (OWLT)
- MarketBeat Podcast: Options Trading As Easy As Trading Stocks
- The TJX Companies: It’s Not All Doom And Gloom In Retail
- Simply Good Foods Stock is Simply Looking Good Down Here
- Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15%
- Analog Devices Is Ready To Scale New Highs Despite Tech Wreck
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.