Blue Owl Capital (NYSE:OWL) Stock Price Target Cut by Piper Sandler

Key Points

• Piper Sandler cut Blue Owl Capital’s price target from $13 to $12 while maintaining an “overweight” rating, implying 33.56% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $13.33, despite several firms maintaining neutral or hold ratings.
• Blue Owl shares traded at $8.98, while the company’s latest quarterly results matched expectations with $0.22 earnings per share and $693.56 million in revenue.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective cut by equities researchers at Piper Sandler from $13.00 to $12.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's target price indicates a potential upside of 33.56% from the stock's previous close.

A number of other brokerages also recently commented on OWL. The Goldman Sachs Group upped their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Barclays raised their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. TD Cowen increased their price objective on shares of Blue Owl Capital from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Monday, October 12th. HSBC set a $17.00 price objective on Blue Owl Capital in a report on Thursday, September 24th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Blue Owl Capital in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.33.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded up $0.14 during mid-day trading on Monday, hitting $8.98. 5,963,670 shares of the company's stock traded hands, compared to its average volume of 24,708,801. The company has a market capitalization of $14.01 billion, a P/E ratio of 74.88, a PEG ratio of 1.04 and a beta of 1.35. The company's 50-day moving average is $10.56 and its two-hundred day moving average is $9.92. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $17.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Equities analysts anticipate that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. Robertson Stephens Wealth Management LLC increased its holdings in shares of Blue Owl Capital by 3.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 92,664 shares of the company's stock valued at $842,000 after purchasing an additional 2,696 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in Blue Owl Capital by 20.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 30,564 shares of the company's stock worth $278,000 after buying an additional 5,227 shares in the last quarter. TT Capital Management LLC lifted its holdings in Blue Owl Capital by 10.8% during the 3rd quarter. TT Capital Management LLC now owns 307,570 shares of the company's stock worth $2,796,000 after buying an additional 30,100 shares in the last quarter. Wedmont Private Capital bought a new position in Blue Owl Capital in the 3rd quarter valued at $269,000. Finally, Farther Finance Advisors LLC boosted its position in Blue Owl Capital by 98.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 139,199 shares of the company's stock valued at $1,265,000 after buying an additional 69,192 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Inc NYSE: OWL is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.