AWM Investment Company Inc. purchased a new position in shares of Owlet, Inc. (NYSE:OWLT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,225,353 shares of the company's stock, valued at approximately $7,034,000. AWM Investment Company Inc. owned about 4.22% of Owlet at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in OWLT. Eclipse Operations LLC purchased a new stake in Owlet during the 2nd quarter worth about $44,202,793,000. Granahan Investment Management LLC raised 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 valued at $6,099,000 after purchasing an additional 499,906 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Owlet in the 4th quarter valued at about $3,662,000. Vanguard Group Inc. boosted its stake in shares of Owlet by 86.3% in the 3rd quarter. Vanguard Group Inc. now owns 389,840 shares of the company's stock valued at $3,302,000 after buying an additional 180,619 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Owlet by 131.5% during the fourth quarter. Geode Capital Management LLC now owns 240,032 shares of the company's stock worth $3,888,000 after buying an additional 136,339 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on OWLT. TD Cowen reissued a "buy" rating and issued a $10.00 price objective (down from $13.00) on shares of Owlet in a research report on Monday, June 22nd. Wall Street Zen upgraded shares of Owlet from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Owlet from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Owlet currently has an average rating of "Hold" and an average target price of $15.00.
Get Our Latest Research Report on OWLT
Owlet Trading Up 2.3%
Shares of OWLT stock opened at $5.20 on Wednesday. The company has a market capitalization of $151.89 million, a P/E ratio of -6.93 and a beta of 1.85. The business's 50 day moving average is $5.57 and its two-hundred day moving average is $6.31. Owlet, Inc. has a twelve month low of $4.19 and a twelve month high of $16.94.
Owlet (NYSE:OWLT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. Owlet had a negative net margin of 8.61% and a negative return on equity of 601.24%. The firm had revenue of $33.87 million during the quarter, compared to analysts' expectations of $31.71 million. As a group, equities analysts predict that Owlet, Inc. will post -0.25 earnings per share for the current fiscal year.
Owlet Profile
(
Free Report)
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.
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