Northland Securities Has Weak Outlook for Owlet Q2 Earnings

Owlet, Inc. (NYSE:OWLT) – Research analysts at Northland Securities dropped their Q2 2026 earnings per share (EPS) estimates for shares of Owlet in a research note issued to investors on Tuesday, March 24th. Northland Securities analyst O. Rickert now expects that the company will post earnings of ($0.21) per share for the quarter, down from their prior forecast of ($0.20). Northland Securities has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Securities also issued estimates for Owlet’s Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at ($0.20) EPS and FY2026 earnings at ($0.76) EPS.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Owlet from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen lowered shares of Owlet from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Owlet in a research note on Thursday, January 22nd. William Blair initiated coverage on shares of Owlet in a report on Tuesday, December 9th. They set an “outperform” rating for the company. Finally, TD Cowen reiterated a “buy” rating on shares of Owlet in a report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Owlet presently has an average rating of “Hold” and an average target price of $20.00.

Owlet Trading Down 3.5%

NYSE OWLT opened at $4.74 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.13. Owlet has a 52 week low of $2.75 and a 52 week high of $16.94. The business has a 50 day moving average price of $9.91 and a 200-day moving average price of $10.80. The company has a market cap of $133.42 million, a price-to-earnings ratio of -1.75 and a beta of 1.77.

Owlet (NYSE:OWLT) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. The firm had revenue of $26.55 million during the quarter, compared to the consensus estimate of $26.01 million.

Insider Buying and Selling at Owlet

In related news, CEO Jonathan Harris sold 2,311 shares of Owlet stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $13.33, for a total transaction of $30,805.63. Following the transaction, the chief executive officer owned 264,396 shares of the company’s stock, valued at $3,524,398.68. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 52.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Owlet

Several large investors have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP bought a new stake in shares of Owlet in the 4th quarter worth $276,000. Millennium Management LLC bought a new position in shares of Owlet during the fourth quarter valued at about $591,000. Manatuck Hill Partners LLC purchased a new position in Owlet during the fourth quarter worth about $1,619,000. Engineers Gate Manager LP bought a new stake in Owlet in the 4th quarter worth about $246,000. Finally, Bridgeway Capital Management LLC grew its position in Owlet by 182.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 63,678 shares of the company’s stock worth $1,031,000 after purchasing an additional 41,115 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors.

Owlet News Roundup

Here are the key news stories impacting Owlet this week:

• Positive Sentiment: Northland Securities kept an “Outperform” rating and a $20 price target while nudging FY2026 and Q3 estimates slightly better (FY from -$0.77 to -$0.76; Q3 from -$0.20 to -$0.17), signaling continued analyst confidence in medium-term recovery potential. Read More.
• Positive Sentiment: Owlet announced a donation partnership with Babylist to support Children’s Hospital Los Angeles’ “Make March Matter” campaign — favorable PR that can help brand and consumer sentiment, though unlikely to move near-term fundamentals materially. Read More.
• Neutral Sentiment: Consensus brokerage coverage sits at a “Hold,” reflecting mixed views across analysts and giving limited directional impetus to the stock. Read More.
• Negative Sentiment: A reported price-target reduction of about 16.18% to $14.54 was published, a clear negative signal that likely pressured the share price as it narrows upside expectations from some analysts. Read More.
• Negative Sentiment: Northland also trimmed short-term EPS forecasts for Q2 and Q4 2026 (Q2 to -$0.21 from -$0.20; Q4 to -$0.20 from -$0.18), indicating near-term profitability pressure that can weigh on the stock until revenue/margin improvement is visible. Read More.

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.