Key Points
- Owlet CEO Jonathan Harris sold 2,311 shares on Jan. 20 at an average price of $13.33 for $30,805.63, leaving him with 264,396 shares—a 0.87% reduction in his ownership (SEC filing).
- Owlet beat quarterly expectations with $0.03 EPS vs. ($0.23) expected and $31.99M in revenue vs. $26.0M expected, but analysts still forecast a full‑year EPS around -0.76 and assign an average rating of "Moderate Buy" with a $14.25 price target.
- Shares opened at $13.21 (52‑week range $2.75–$16.94) and institutional investors now own about 72.6% of the stock after notable stake increases by Granahan and Vanguard.
Owlet, Inc. (NYSE:OWLT - Get Free Report) CEO Jonathan Harris sold 2,311 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $13.33, for a total transaction of $30,805.63. Following the completion of the transaction, the chief executive officer directly owned 264,396 shares of the company's stock, valued at approximately $3,524,398.68. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Owlet Stock Down 3.6%
OWLT opened at $13.21 on Friday. Owlet, Inc. has a 52 week low of $2.75 and a 52 week high of $16.94. The firm has a market cap of $225.63 million, a P/E ratio of -4.48 and a beta of 1.78. The business's fifty day simple moving average is $14.01 and its 200 day simple moving average is $10.26.
Owlet (NYSE:OWLT - Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.26. The company had revenue of $31.99 million for the quarter, compared to analyst estimates of $26.00 million. As a group, equities analysts expect that Owlet, Inc. will post -0.76 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on OWLT. William Blair initiated coverage on shares of Owlet in a research note on Tuesday, December 9th. They set an "outperform" rating on the stock. Zacks Research raised Owlet from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Owlet in a research report on Wednesday, October 8th. TD Cowen reiterated a "buy" rating on shares of Owlet in a research report on Thursday, January 8th. Finally, Northland Securities set a $20.00 price target on Owlet and gave the company an "outperform" rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.25.
Read Our Latest Research Report on Owlet
Hedge Funds Weigh In On Owlet
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Granahan Investment Management LLC boosted its position in shares of Owlet by 135.9% during the 3rd quarter. Granahan Investment Management LLC now owns 509,904 shares of the company's stock valued at $4,319,000 after acquiring an additional 293,771 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Owlet by 86.3% in the third 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 in the last quarter. Next Century Growth Investors LLC bought a new position in shares of Owlet in the second quarter worth about $1,653,000. Harbor Capital Advisors Inc. boosted its position in Owlet by 3.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 121,741 shares of the company's stock valued at $1,971,000 after buying an additional 4,160 shares during the last quarter. Finally, Archon Capital Management LLC acquired a new stake in Owlet in the second quarter worth about $442,000. 72.60% of the stock is currently owned by institutional investors.
About Owlet
(
Get 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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