Rosalind Advisors Inc. Has $220,000 Holdings in Owlet, Inc. (NYSE:OWLT)

Rosalind Advisors Inc. lessened its stake in shares of Owlet, Inc. (NYSE:OWLT) by 81.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,441 shares of the company’s stock after selling 220,559 shares during the period. Rosalind Advisors Inc.’s holdings in Owlet were worth $220,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Owlet by 31.0% in the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock valued at $264,000 after buying an additional 13,879 shares in the last quarter. Renaissance Technologies LLC boosted its position in Owlet by 52.7% during the fourth quarter. Renaissance Technologies LLC now owns 48,437 shares of the company’s stock worth $216,000 after purchasing an additional 16,718 shares during the period. Northern Trust Corp boosted its position in Owlet by 68.4% during the fourth 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 period. Finally, Essex Investment Management Co. LLC bought a new stake in Owlet during the fourth quarter worth approximately $113,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OWLT shares. Northland Securities started coverage on Owlet in a research report on Wednesday, April 23rd. They issued an “outperform” rating and a $7.00 price objective for the company. Lake Street Capital initiated coverage on Owlet in a research note on Friday, February 21st. They issued a “buy” rating and a $8.50 target price for the company. Finally, Northland Capmk upgraded Owlet to a “strong-buy” rating in a research note on Wednesday, April 23rd.

Owlet Stock Up 4.8 %

NYSE:OWLT opened at $3.95 on Tuesday. The firm has a market cap of $65.44 million, a PE ratio of -1.65 and a beta of 1.52. Owlet, Inc. has a 12 month low of $2.75 and a 12 month high of $5.65. The company’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $4.49.

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.