Owlet, Inc. (NYSE:OWLT) Holdings Decreased by Rosalind Advisors Inc.

Rosalind Advisors Inc. trimmed its position in shares of Owlet, Inc. (NYSE:OWLT - Free Report) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,441 shares of the company's stock after selling 220,559 shares during the period. Rosalind Advisors Inc. owned approximately 0.31% of Owlet worth $220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings 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 acquiring an additional 18,169 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Owlet by 52.7% in the 4th quarter. Renaissance Technologies LLC now owns 48,437 shares of the company's stock valued at $216,000 after purchasing an additional 16,718 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Owlet during the fourth quarter worth about $113,000. Finally, Geode Capital Management LLC grew 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 worth $264,000 after purchasing an additional 13,879 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OWLT shares. Northland Capmk upgraded Owlet to a "strong-buy" rating in a research note on Wednesday, April 23rd. Lake Street Capital assumed coverage on shares of Owlet in a research note on Friday, February 21st. They set a "buy" rating and a $8.50 target price for the company. Finally, Northland Securities initiated coverage on shares of Owlet in a research report on Wednesday, April 23rd. They issued an "outperform" rating and a $7.00 price target on the stock.

Owlet Price Performance

Shares of NYSE OWLT traded up $0.13 during mid-day trading on Friday, hitting $4.01. The company had a trading volume of 11,782 shares, compared to its average volume of 35,299. Owlet, Inc. has a 12 month low of $2.75 and a 12 month high of $5.65. The stock has a market cap of $66.35 million, a price-to-earnings ratio of -1.68 and a beta of 1.52. The firm's 50 day simple moving average is $3.92 and its two-hundred day simple moving average is $4.48.

Owlet Company 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.