Harbor Capital Advisors Inc. Grows Stake in Owlet, Inc. $OWLT

Key Points

• Harbor Capital Advisors Inc. has increased its stake in Owlet, Inc. by 70%, holding approximately 402,260 shares valued at $3,379,000 as of the latest SEC filing.
• Owlet's stock has a consensus rating of "Buy" with a target price of $10.25, following upgrades from Wall Street analysts.
• Owlet, Inc. has seen significant interest from institutional investors, with 72.60% of the stock currently owned by such entities.

Harbor Capital Advisors Inc. increased its position in shares of Owlet, Inc. (NYSE:OWLT - Free Report) by 70.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 402,260 shares of the company's stock after buying an additional 165,657 shares during the period. Harbor Capital Advisors Inc. owned 2.43% of Owlet worth $3,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp increased its stake in Owlet by 68.4% in the fourth quarter. Northern Trust Corp now owns 44,750 shares of the company's stock valued at $199,000 after purchasing an additional 18,169 shares in the last quarter. Virtu Financial LLC bought a new stake in Owlet in the first quarter valued at $95,000. Finally, Goldman Sachs Group Inc. bought a new stake in Owlet in the first quarter valued at $43,000. 72.60% of the stock is owned by institutional investors.

Owlet Price Performance

Shares of NYSE:OWLT traded down $0.06 during midday trading on Friday, hitting $8.12. 403,607 shares of the company's stock were exchanged, compared to its average volume of 56,928. The stock has a 50 day moving average price of $7.70 and a 200-day moving average price of $6.05. The company has a market cap of $138.69 million, a PE ratio of -2.32 and a beta of 1.80. Owlet, Inc. has a 12 month low of $2.75 and a 12 month high of $10.30.

Wall Street Analyst Weigh In

OWLT has been the subject of several research analyst reports. Wall Street Zen raised shares of Owlet from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Northland Securities set a $12.00 price target on shares of Owlet in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Owlet currently has an average rating of "Buy" and a consensus target price of $10.25.

Owlet Profile

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.