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Owlet's (OWLT) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Owlet logo with Business Services background

Key Points

  • Owlet's stock has been reaffirmed with a "Sell (D-)" rating by Weiss Ratings, highlighting ongoing concerns about its performance.
  • Despite the negative outlook from Weiss, Owlet has an average rating of "Moderate Buy" among analysts, with one Strong Buy, two Buy, and one Sell rating.
  • The company has seen recent investments from institutional investors, who now hold 72.60% of Owlet's stock, suggesting some confidence in the company's potential despite current challenges.
  • MarketBeat previews top five stocks to own in November.

Owlet (NYSE:OWLT - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Northland Securities set a $12.00 price objective on Owlet in a research report on Wednesday, July 9th. Wall Street Zen upgraded Owlet from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Owlet currently has an average rating of "Moderate Buy" and a consensus target price of $10.25.

View Our Latest Research Report on OWLT

Owlet Trading Up 1.6%

Shares of NYSE OWLT opened at $8.98 on Wednesday. The stock has a 50 day moving average of $7.79 and a 200-day moving average of $6.42. Owlet has a 12 month low of $2.75 and a 12 month high of $10.30. The company has a market capitalization of $153.38 million, a P/E ratio of -2.57 and a beta of 1.82.

Institutional Investors Weigh In On Owlet

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Owlet in the second quarter worth $90,000. Goldman Sachs Group Inc. bought a new stake in shares of Owlet during the 1st quarter valued at $43,000. Virtu Financial LLC bought a new position in Owlet in the 1st quarter worth about $95,000. Marshall Wace LLP bought a new position in Owlet in the 2nd quarter worth about $336,000. Finally, Archon Capital Management LLC bought a new position in shares of Owlet during the 2nd quarter valued at about $442,000. Institutional investors own 72.60% of the company's stock.

Owlet Company Profile

(Get Free Report)

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.

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