Owlet (NYSE:OWLT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Owlet (NYSE:OWLT) from a sell rating to a hold rating in a report released on Saturday.

OWLT has been the topic of a number of other reports. TD Cowen reissued a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Owlet in a research note on Monday, June 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Owlet in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Owlet Stock Down 7.8%

OWLT opened at $6.14 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.71. The company has a market cap of $178.43 million, a price-to-earnings ratio of -8.19 and a beta of 1.85. Owlet has a one year low of $4.19 and a one year high of $16.94. The business’s fifty day moving average is $5.47 and its two-hundred day moving average is $6.60.

Owlet (NYSE:OWLT) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $33.87 million during the quarter, compared to analysts’ expectations of $31.71 million. Analysts anticipate that Owlet will post -0.37 EPS for the current fiscal year.

Institutional Trading of Owlet

Large investors have recently made changes to their positions in the stock. Eclipse Operations LLC acquired a new position in Owlet in the 2nd quarter valued at about $44,202,793,000. AWM Investment Company Inc. acquired a new stake in shares of Owlet during the 4th quarter worth about $28,304,000. Granahan Investment Management LLC boosted its stake in shares of Owlet by 72.8% during the 1st quarter. Granahan Investment Management LLC now owns 1,186,655 shares of the company’s stock worth $6,099,000 after purchasing an additional 499,906 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Owlet during the fourth quarter worth about $3,662,000. Finally, Vanguard Group Inc. grew its holdings in shares of Owlet by 86.3% during the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock worth $3,302,000 after buying an additional 180,619 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

Owlet Company Profile

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.