Research Analysts Set Expectations for Owlet FY2025 Earnings

Owlet, Inc. (NYSE:OWLT) – Investment analysts at Northland Capmk increased their FY2025 earnings estimates for Owlet in a research note issued to investors on Tuesday, December 30th. Northland Capmk analyst O. Rickert now expects that the company will post earnings of ($0.22) per share for the year, up from their prior forecast of ($2.72). The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Capmk also issued estimates for Owlet’s FY2026 earnings at ($0.78) EPS and FY2027 earnings at ($0.10) EPS.

Owlet (NYSE:OWLT) last posted its earnings results on Thursday, November 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.26. The company had revenue of $31.99 million for the quarter, compared to the consensus estimate of $26.00 million. Owlet had a negative return on equity of 0.36% and a negative net margin of 39.32%.

A number of other equities analysts have also recently issued reports on the stock. Northland Securities set a $20.00 price objective on shares of Owlet and gave the stock an “outperform” rating in a research report on Tuesday. William Blair started coverage on shares of Owlet in a report on Tuesday, December 9th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Owlet from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research upgraded shares of Owlet from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Owlet in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $14.25.

Owlet Stock Up 1.4%

Shares of Owlet stock opened at $16.25 on Thursday. Owlet has a 12-month low of $2.75 and a 12-month high of $16.94. The firm’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $9.48. The company has a market capitalization of $277.55 million, a price-to-earnings ratio of -5.51 and a beta of 1.80.

Institutional Trading of Owlet

Several institutional investors and hedge funds have recently made changes to their positions in OWLT. Goldman Sachs Group Inc. purchased a new stake in Owlet in the first quarter worth $43,000. Harbor Capital Advisors Inc. boosted its position in Owlet by 70.0% during the second quarter. Harbor Capital Advisors Inc. now owns 402,260 shares of the company’s stock worth $3,379,000 after purchasing an additional 165,657 shares during the period. XTX Topco Ltd purchased a new position in shares of Owlet in the second quarter worth about $90,000. Marshall Wace LLP purchased a new stake in shares of Owlet during the 2nd quarter valued at approximately $336,000. Finally, Archon Capital Management LLC bought a new position in Owlet in the 2nd quarter worth approximately $442,000. Hedge funds and other institutional investors own 72.60% of the company’s stock.

About Owlet

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.