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

Owlet, Inc. (NYSE:OWLT) – Stock analysts at Northland Capmk issued their Q4 2027 earnings per share estimates for Owlet in a note issued to investors on Tuesday, December 30th. Northland Capmk analyst O. Rickert expects that the company will earn ($0.01) per share for the quarter. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share.

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

Owlet Trading Down 0.1%

Shares of NYSE:OWLT opened at $16.18 on Friday. The stock’s 50-day moving average price is $12.56 and its two-hundred day moving average price is $9.60. Owlet has a 12-month low of $2.75 and a 12-month high of $16.94. The firm has a market cap of $276.27 million, a price-to-earnings ratio of -5.48 and a beta of 1.78.

Owlet (NYSE:OWLT) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $26.00 million.

Institutional Investors Weigh In On Owlet

A number of institutional investors have recently bought and sold shares of the business. Granahan Investment Management LLC boosted 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 valued at $4,319,000 after buying an additional 293,771 shares during the period. Next Century Growth Investors LLC bought a new position in shares of Owlet in the 2nd quarter valued at approximately $1,653,000. Vanguard Group Inc. lifted its stake in shares of Owlet by 86.3% in the third 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 last quarter. Harbor Capital Advisors Inc. lifted its position in 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 acquiring an additional 165,657 shares during the last quarter. Finally, Archon Capital Management LLC bought a new stake in Owlet during the 2nd quarter valued at approximately $442,000. 72.60% of the stock is currently 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.