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

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

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

Owlet Stock Up 3.7%

Shares of OWLT stock 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 stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $9.44. The stock has a market capitalization of $274.30 million, a P/E ratio of -5.44 and a beta of 1.80.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OWLT. Goldman Sachs Group Inc. bought a new position in shares of Owlet during the 1st quarter valued at $43,000. Bank of America Corp DE raised its holdings in Owlet by 6,517.7% during the third quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock valued at $44,000 after buying an additional 5,149 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Owlet in the second quarter worth about $90,000. Marshall Wace LLP bought a new stake in shares of Owlet during the 2nd quarter worth about $336,000. Finally, Archon Capital Management LLC acquired a new position in shares of Owlet during the 2nd quarter valued at about $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.