Owlet, Inc. (NYSE:OWLT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Owlet, Inc. (NYSE:OWLT) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.00.

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Owlet in a report on Thursday, January 22nd. William Blair assumed coverage on Owlet in a report on Tuesday, December 9th. They set an “outperform” rating for the company. Northland Securities set a $20.00 price objective on Owlet and gave the stock an “outperform” rating in a report on Tuesday, December 30th. Wall Street Zen lowered shares of Owlet from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, TD Cowen restated a “buy” rating on shares of Owlet in a research report on Thursday, January 8th.

Owlet Stock Performance

OWLT opened at $11.54 on Friday. The stock has a market capitalization of $197.10 million, a price-to-earnings ratio of -3.91 and a beta of 1.77. The company has a fifty day moving average of $13.27 and a 200 day moving average of $10.91. Owlet has a fifty-two week low of $2.75 and a fifty-two week high of $16.94.

Insider Buying and Selling at Owlet

In other Owlet news, CEO Jonathan Harris sold 2,311 shares of the business’s 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 sale, the chief executive officer directly 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 legal filing with the SEC, which is available through this link. 52.20% of the stock is currently owned by company insiders.

Institutional Trading of Owlet

A number of institutional investors have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP bought a new position in Owlet during the fourth quarter valued at $276,000. Millennium Management LLC purchased a new position in shares of Owlet during the 4th quarter worth about $591,000. Manatuck Hill Partners LLC bought a new position in Owlet during the 4th quarter valued at about $1,619,000. Engineers Gate Manager LP purchased a new stake in Owlet in the 4th quarter worth about $246,000. Finally, Bridgeway Capital Management LLC raised 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 during the period. 72.60% of the stock is currently owned by institutional investors.

Owlet Company Profile

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.