Oppenheimer Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its target price reduced by stock analysts at Oppenheimer from $24.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 63.15% from the stock’s current price.

A number of other research firms also recently commented on OWL. UBS Group dropped their price objective on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Barclays reissued an “equal weight” rating and set a $11.00 target price (down from $15.00) on shares of Blue Owl Capital in a research report on Monday. Finally, The Goldman Sachs Group cut their target price on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Blue Owl Capital Price Performance

OWL stock opened at $10.42 on Wednesday. The firm has a market capitalization of $16.20 billion, a P/E ratio of 104.21, a P/E/G ratio of 0.86 and a beta of 1.15. Blue Owl Capital has a 52-week low of $9.73 and a 52-week high of $21.88. The company’s 50 day simple moving average is $13.53 and its 200-day simple moving average is $15.52.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The firm had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Sell-side analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OWL. Cresset Asset Management LLC raised its holdings in Blue Owl Capital by 1,345.0% in the 3rd quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock valued at $23,355,000 after acquiring an additional 1,284,021 shares in the last quarter. Partners Group Holding AG increased its position in shares of Blue Owl Capital by 8.3% during the third quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock valued at $32,847,000 after purchasing an additional 149,292 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Blue Owl Capital by 185.2% in the third quarter. Oppenheimer & Co. Inc. now owns 136,956 shares of the company’s stock valued at $2,319,000 after purchasing an additional 88,935 shares in the last quarter. Truist Financial Corp raised its stake in shares of Blue Owl Capital by 7.8% in the third quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock valued at $17,983,000 after purchasing an additional 76,942 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in Blue Owl Capital in the third quarter worth $3,135,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.