Owlet (NYSE:OWLT) Upgraded at Northland Capmk

Owlet (NYSE:OWLT) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on OWLT. Northland Securities began coverage on shares of Owlet in a research note on Wednesday. They issued an “outperform” rating and a $7.00 price target on the stock. Lake Street Capital assumed coverage on shares of Owlet in a research note on Friday, February 21st. They set a “buy” rating and a $8.50 target price on the stock.

Owlet Stock Up 6.1 %

NYSE:OWLT opened at $3.49 on Wednesday. The stock’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $4.50. The firm has a market capitalization of $57.82 million, a PE ratio of -1.46 and a beta of 1.52. Owlet has a twelve month low of $2.75 and a twelve month high of $5.65.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OWLT. Geode Capital Management LLC grew its holdings in Owlet by 31.0% during the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock worth $264,000 after acquiring an additional 13,879 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Owlet in the fourth quarter worth $113,000. Harbor Capital Advisors Inc. acquired a new stake in Owlet in the first quarter valued at $871,000. Northern Trust Corp raised its position in 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 purchasing an additional 18,169 shares during the last quarter. Finally, Granahan Investment Management LLC acquired a new position in Owlet during the 4th quarter worth about $145,000. Institutional investors own 72.60% of the company’s stock.

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.