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 research note published on Saturday morning.

Separately, Northland Securities set a $12.00 target price on Owlet in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, Owlet has an average rating of “Buy” and a consensus price target of $10.25.

Owlet Stock Performance

Shares of NYSE:OWLT opened at $6.96 on Friday. Owlet has a one year low of $2.75 and a one year high of $10.30. The stock has a fifty day moving average of $7.79 and a 200-day moving average of $5.98. The company has a market capitalization of $118.79 million, a PE ratio of -1.99 and a beta of 1.80.

Hedge Funds Weigh In On Owlet

Several hedge funds have recently bought and sold shares of OWLT. Harbor Capital Advisors Inc. acquired a new position in Owlet during the first quarter worth $871,000. Next Century Growth Investors LLC acquired a new position in Owlet during the second quarter worth $1,653,000. Archon Capital Management LLC acquired a new position in Owlet during the second quarter worth $442,000. Marshall Wace LLP acquired a new stake in shares of Owlet in the second quarter valued at about $336,000. Finally, Virtu Financial LLC acquired a new stake in shares of Owlet in the first quarter valued at about $95,000. 72.60% of the stock is owned by institutional investors and hedge funds.

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.