Northland Securities Has Weak Outlook for Owlet Q2 Earnings

Owlet, Inc. (NYSE:OWLT) – Investment analysts at Northland Securities reduced their Q2 2026 earnings estimates for Owlet in a note issued to investors on Tuesday, April 7th. Northland Securities analyst O. Rickert now forecasts that the company will post earnings of ($0.22) per share for the quarter, down from their prior forecast of ($0.21). Northland Securities has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Securities also issued estimates for Owlet’s Q3 2026 earnings at ($0.15) EPS, Q4 2026 earnings at ($0.22) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.12) EPS and FY2027 earnings at ($0.45) EPS.

Owlet (NYSE:OWLT) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $26.55 million during the quarter, compared to analyst estimates of $26.01 million.

A number of other research firms have also commented on OWLT. Wall Street Zen lowered shares of Owlet from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. TD Cowen restated a “buy” rating on shares of Owlet in a research report on Friday, March 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Owlet in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.

Owlet Price Performance

NYSE:OWLT opened at $5.20 on Thursday. The firm has a market cap of $146.29 million, a PE ratio of -1.92 and a beta of 2.00. Owlet has a 12 month low of $3.09 and a 12 month high of $16.94. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $10.70.

Hedge Funds Weigh In On Owlet

A number of large investors have recently modified their holdings of OWLT. Goldman Sachs Group Inc. acquired a new position in shares of Owlet during the first quarter worth approximately $43,000. XTX Topco Ltd acquired a new position in shares of Owlet during the second quarter worth approximately $90,000. Marshall Wace LLP acquired a new position in Owlet in the second quarter valued at approximately $336,000. Next Century Growth Investors LLC acquired a new position in Owlet in the second quarter valued at approximately $1,653,000. Finally, Vanguard Group Inc. lifted its holdings in Owlet by 86.3% in the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock valued at $3,302,000 after buying an additional 180,619 shares during the period. 72.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jonathan Harris sold 2,311 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $13.33, for a total transaction of $30,805.63. Following the transaction, the chief executive officer directly owned 264,396 shares in the company, valued at approximately $3,524,398.68. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 52.20% of the company’s stock.

About Owlet

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.