FY2025 Earnings Estimate for Owlet Issued By Northland Capmk

Owlet, Inc. (NYSE:OWLT) – Equities researchers at Northland Capmk boosted their FY2025 earnings per share (EPS) estimates for Owlet in a research note issued on Tuesday, December 30th. Northland Capmk analyst O. Rickert now anticipates that the company will post earnings of ($0.22) per share for the year, up from their prior estimate of ($2.72). The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Capmk also issued estimates for Owlet’s FY2026 earnings at ($0.78) EPS and FY2027 earnings at ($0.10) EPS.

Owlet (NYSE:OWLT) last announced its earnings results on Thursday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.26. The business had revenue of $31.99 million during the quarter, compared to analyst estimates of $26.00 million.

A number of other equities analysts have also issued reports on the stock. Zacks Research upgraded shares of Owlet from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Northland Securities set a $20.00 price objective on Owlet and gave the stock an “outperform” rating in a report on Tuesday. William Blair initiated coverage on Owlet in a research report on Tuesday, December 9th. They issued an “outperform” rating on the stock. Wall Street Zen raised Owlet from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Owlet in a research note on Wednesday, October 8th. Two equities 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 stock. According to MarketBeat.com, Owlet presently has an average rating of “Buy” and an average target price of $14.25.

Owlet Stock Up 1.4%

Shares of NYSE:OWLT opened at $16.25 on Thursday. The firm has a market cap of $277.55 million, a P/E ratio of -5.51 and a beta of 1.77. Owlet has a 12 month low of $2.75 and a 12 month high of $16.94. The company’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $9.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Granahan Investment Management LLC grew its stake in shares of 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 purchasing an additional 293,771 shares during the period. Next Century Growth Investors LLC bought a new position in Owlet during the second quarter worth about $1,653,000. Vanguard Group Inc. grew its position in shares of Owlet by 86.3% during the 3rd quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock worth $3,302,000 after buying an additional 180,619 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Owlet by 70.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 402,260 shares of the company’s stock worth $3,379,000 after buying an additional 165,657 shares during the period. Finally, Archon Capital Management LLC bought a new stake in shares of Owlet in the 2nd quarter valued at about $442,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

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.