Northland Capmk Comments on Owlet's Q1 Earnings (NYSE:OWLT)

Owlet, Inc. (NYSE:OWLT - Free Report) - Research analysts at Northland Capmk issued their Q1 2025 EPS estimates for Owlet in a report released on Wednesday, April 23rd. Northland Capmk analyst O. Rickert expects that the company will post earnings per share of ($0.39) for the quarter. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Owlet's current full-year earnings is ($0.76) per share. Northland Capmk also issued estimates for Owlet's Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.26) EPS, Q4 2025 earnings at ($0.19) EPS and FY2025 earnings at ($1.15) EPS.

A number of other analysts have also recently weighed in on OWLT. Lake Street Capital started coverage on Owlet in a research note on Friday, February 21st. They issued a "buy" rating and a $8.50 price target on the stock. Northland Securities started coverage on Owlet in a research note on Wednesday, April 23rd. They set an "outperform" rating and a $7.00 target price for the company.

Owlet Price Performance

Shares of OWLT traded up $0.10 during midday trading on Monday, reaching $3.98. The stock had a trading volume of 719 shares, compared to its average volume of 35,024. The company has a market cap of $65.85 million, a price-to-earnings ratio of -1.66 and a beta of 1.52. The company's fifty day simple moving average is $3.94 and its two-hundred day simple moving average is $4.48. Owlet has a 1-year low of $2.75 and a 1-year high of $5.65.

Institutional Investors Weigh In On Owlet

Several hedge funds and other institutional investors have recently bought and sold shares of OWLT. Geode Capital Management LLC boosted its stake in Owlet by 31.0% in the third quarter. Geode Capital Management LLC now owns 58,684 shares of the company's stock valued at $264,000 after acquiring an additional 13,879 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Owlet in the 4th quarter valued at about $113,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Owlet in the 1st quarter valued at about $871,000. Northern Trust Corp grew its stake in Owlet by 68.4% during the 4th quarter. Northern Trust Corp now owns 44,750 shares of the company's stock worth $199,000 after buying an additional 18,169 shares during the last quarter. Finally, Granahan Investment Management LLC acquired a new position in Owlet during the fourth quarter worth approximately $145,000. 72.60% of the stock is currently owned by institutional investors and hedge funds.

About Owlet

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.