Q2 EPS Estimates for Owlet Decreased by Northland Securities

Owlet, Inc. (NYSE:OWLT) – Equities researchers at Northland Securities lowered their Q2 2026 earnings per share estimates for shares of Owlet in a research report issued on Tuesday, March 24th. Northland Securities analyst O. Rickert now anticipates that the company will post earnings per share of ($0.21) for the quarter, down from their prior estimate of ($0.20). Northland Securities currently 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 ($0.17) EPS, Q4 2026 earnings at ($0.20) EPS and FY2026 earnings at ($0.76) EPS.

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

Several other brokerages have also issued reports on OWLT. Weiss Ratings reissued a “sell (d-)” rating on shares of Owlet in a report on Thursday, January 22nd. William Blair initiated coverage on shares of Owlet in a report on Tuesday, December 9th. They set an “outperform” rating for the company. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Owlet from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, TD Cowen reissued a “buy” rating on shares of Owlet in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Owlet currently has an average rating of “Hold” and an average price target of $20.00.

Owlet Stock Down 3.5%

Shares of OWLT stock opened at $4.74 on Friday. Owlet has a one year low of $2.75 and a one year high of $16.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.85 and a quick ratio of 1.51. The stock has a fifty day moving average price of $9.91 and a 200 day moving average price of $10.83. The stock has a market cap of $133.42 million, a P/E ratio of -1.75 and a beta of 1.77.

Institutional Investors Weigh In On Owlet

Large investors have recently made changes to their positions in the company. Informed Momentum Co LLC raised its stake in shares of Owlet by 1.6% in the fourth quarter. Informed Momentum Co LLC now owns 112,893 shares of the company’s stock valued at $1,828,000 after acquiring an additional 1,737 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Owlet during the 4th quarter worth approximately $60,000. Harbor Capital Advisors Inc. increased its holdings in Owlet by 3.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 121,741 shares of the company’s stock valued at $1,971,000 after purchasing an additional 4,160 shares in the last quarter. Bank of America Corp DE increased its holdings in Owlet by 6,517.7% during the 3rd quarter. Bank of America Corp DE now owns 5,228 shares of the company’s stock valued at $44,000 after purchasing an additional 5,149 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Owlet in the 2nd quarter valued at $90,000. Institutional investors own 72.60% of the company’s stock.

Insiders Place Their Bets

In other Owlet news, CEO Jonathan Harris sold 2,311 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $13.33, for a total transaction of $30,805.63. Following the completion of the transaction, the chief executive officer directly owned 264,396 shares in the company, valued at $3,524,398.68. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.20% of the stock is owned by company insiders.

Key Owlet News

Here are the key news stories impacting Owlet this week:

• Positive Sentiment: Northland Securities kept an “Outperform” rating and a $20 price target while nudging FY2026 and Q3 estimates slightly better (FY from -$0.77 to -$0.76; Q3 from -$0.20 to -$0.17), signaling continued analyst confidence in medium-term recovery potential. Read More.
• Positive Sentiment: Owlet announced a donation partnership with Babylist to support Children’s Hospital Los Angeles’ “Make March Matter” campaign — favorable PR that can help brand and consumer sentiment, though unlikely to move near-term fundamentals materially. Read More.
• Neutral Sentiment: Consensus brokerage coverage sits at a “Hold,” reflecting mixed views across analysts and giving limited directional impetus to the stock. Read More.
• Negative Sentiment: A reported price-target reduction of about 16.18% to $14.54 was published, a clear negative signal that likely pressured the share price as it narrows upside expectations from some analysts. Read More.
• Negative Sentiment: Northland also trimmed short-term EPS forecasts for Q2 and Q4 2026 (Q2 to -$0.21 from -$0.20; Q4 to -$0.20 from -$0.18), indicating near-term profitability pressure that can weigh on the stock until revenue/margin improvement is visible. Read More.

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.