What is Northland Capmk’s Estimate for Owlet Q3 Earnings?

Owlet, Inc. (NYSE:OWLT) – Stock analysts at Northland Capmk issued their Q3 2027 EPS estimates for shares of Owlet in a report issued on Tuesday, December 30th. Northland Capmk analyst O. Rickert anticipates that the company will post earnings per share of ($0.09) for the quarter. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share.

Owlet (NYSE:OWLT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.26. Owlet had a negative net margin of 39.32% and a negative return on equity of 0.36%. The business had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $26.00 million.

Several other research analysts also recently weighed in on OWLT. Wall Street Zen raised shares of Owlet from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Northland Securities set a $20.00 price objective on shares of Owlet and gave the company an “outperform” rating in a research report on Tuesday. William Blair began coverage on shares of Owlet in a research note on Tuesday, December 9th. They set an “outperform” rating on the stock. Zacks Research raised shares of Owlet from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $14.25.

Owlet Stock Up 3.7%

NYSE OWLT opened at $16.06 on Wednesday. Owlet has a fifty-two week low of $2.75 and a fifty-two week high of $16.82. The business has a fifty day moving average of $12.11 and a 200-day moving average of $9.44. The stock has a market cap of $274.30 million, a price-to-earnings ratio of -5.44 and a beta of 1.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Granahan Investment Management LLC grew its position in Owlet by 135.9% during the third 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 during the period. Next Century Growth Investors LLC purchased a new stake in Owlet during the second quarter worth approximately $1,653,000. Vanguard Group Inc. increased its holdings in Owlet by 86.3% in the 3rd quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock valued at $3,302,000 after purchasing an additional 180,619 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Owlet by 70.0% in the second quarter. Harbor Capital Advisors Inc. now owns 402,260 shares of the company’s stock valued at $3,379,000 after buying an additional 165,657 shares in the last quarter. Finally, Archon Capital Management LLC purchased a new stake in shares of Owlet during the second quarter valued at approximately $442,000. 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.