32,665 Shares in Owlet, Inc. (NYSE:OWLT) Bought by Granahan Investment Management LLC

Granahan Investment Management LLC purchased a new stake in Owlet, Inc. (NYSE:OWLT) during the 4th quarter, Holdings Channel reports. The firm purchased 32,665 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OWLT. Geode Capital Management LLC lifted 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 valued at $264,000 after acquiring an additional 13,879 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in Owlet in the fourth quarter valued at approximately $113,000. Renaissance Technologies LLC boosted its stake in shares of Owlet by 52.7% during the 4th quarter. Renaissance Technologies LLC now owns 48,437 shares of the company’s stock worth $216,000 after acquiring an additional 16,718 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Owlet by 68.4% during the 4th quarter. Northern Trust Corp now owns 44,750 shares of the company’s stock worth $199,000 after acquiring an additional 18,169 shares during the period. 72.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Owlet Trading Up 16.1 %

Shares of NYSE OWLT opened at $4.84 on Friday. The company has a market cap of $80.18 million, a price-to-earnings ratio of -2.03 and a beta of 1.49. Owlet, Inc. has a 12 month low of $2.75 and a 12 month high of $5.65. The stock has a 50-day moving average price of $3.88 and a two-hundred day moving average price of $4.45.

Owlet (NYSE:OWLT) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $21.10 million for the quarter, compared to analyst estimates of $18.14 million. On average, sell-side analysts predict that Owlet, Inc. will post -0.76 earnings per share for the current year.

About Owlet

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.