Analyzing Owlet (OWLT) & Its Rivals

Owlet (NYSE:OWLTGet Rating) is one of 28 public companies in the “Measuring & controlling devices, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We will compare Owlet to similar businesses based on the strength of its institutional ownership, dividends, risk, analyst recommendations, valuation, earnings and profitability.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Owlet and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Owlet 0 2 1 0 2.33
Owlet Competitors 154 691 955 28 2.47

Owlet presently has a consensus target price of $7.58, suggesting a potential upside of 45.55%. As a group, “Measuring & controlling devices, not elsewhere classified” companies have a potential upside of 22.57%. Given Owlet’s higher possible upside, equities research analysts clearly believe Owlet is more favorable than its rivals.

Earnings and Valuation

This table compares Owlet and its rivals revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Owlet $75.80 million -$71.70 million -3.92
Owlet Competitors $2.66 billion $435.24 million 11.45

Owlet’s rivals have higher revenue and earnings than Owlet. Owlet is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Owlet and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Owlet N/A -158.71% -40.45%
Owlet Competitors -3,288.70% 4.83% 1.80%

Insider & Institutional Ownership

37.6% of Owlet shares are held by institutional investors. Comparatively, 61.0% of shares of all “Measuring & controlling devices, not elsewhere classified” companies are held by institutional investors. 16.1% of shares of all “Measuring & controlling devices, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Owlet rivals beat Owlet on 10 of the 12 factors compared.

About Owlet (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. The company also offers Dream Duo, a monitoring system for baby's sleeping habits and includes wearable sock monitor, HD video, and digital sleep coach. Owlet, Inc. was founded in 2012 and is based in Lehi, Utah.

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