Owlet, Inc. (NYSE:OWLT) Given Average Rating of “Hold” by Brokerages

Shares of Owlet, Inc. (NYSE:OWLT) have been assigned an average recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $20.00.

Several research analysts have commented on the company. Zacks Research downgraded Owlet from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen raised Owlet from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. TD Cowen reaffirmed a “buy” rating on shares of Owlet in a research report on Friday, March 6th. Finally, Weiss Ratings downgraded Owlet from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OWLT. Eclipse Operations LLC bought a new position in Owlet in the 4th quarter worth approximately $124,677,000. AWM Investment Company Inc. bought a new position in Owlet in the 4th quarter worth approximately $28,304,000. Granahan Investment Management LLC increased its position in Owlet by 72.8% in the 1st quarter. Granahan Investment Management LLC now owns 1,186,655 shares of the company’s stock worth $6,099,000 after buying an additional 499,906 shares during the period. Russell Investments Group Ltd. bought a new position in Owlet in the 4th quarter worth approximately $3,662,000. Finally, Vanguard Group Inc. increased its position in Owlet by 86.3% in 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. 72.60% of the stock is owned by institutional investors.

Owlet Stock Up 0.2%

OWLT opened at $4.66 on Tuesday. The business has a 50 day moving average price of $5.32 and a 200 day moving average price of $9.38. Owlet has a twelve month low of $4.19 and a twelve month high of $16.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.71. The firm has a market cap of $135.14 million, a P/E ratio of -1.52 and a beta of 1.86.

Owlet (NYSE:OWLT) last posted its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.09. The company had revenue of $22.46 million during the quarter, compared to analyst estimates of $20.84 million. Research analysts forecast that Owlet will post -0.37 EPS for the current year.

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.