Owlet Raises Price Target to $12 as Growth Prospects Shine

Northland Securities analyst Owen Rickert maintains a Buy rating on Owlet with a price target of $12.00. The company's shares closed at $8.40. Analyst consensus rating is Strong Buy with an average price target of $11.88. OWLT market cap is $142.8M and has a P/E ratio of -5.85. Corporate insider sentiment is negative with an increase in insiders selling shares over the past quarter.

Northland Securities analyst Owen Rickert has increased his price target for Owlet Inc. (OWLT) to $12.00 from $9.00, maintaining a Buy rating on the shares. The company's shares closed at $8.40 on July 2, 2025. The analyst consensus rating is Strong Buy, with an average price target of $11.88. Owlet Inc.'s market capitalization stands at $142.8 million, and its P/E ratio is -5.85. However, corporate insider sentiment is negative, with an increase in insiders selling shares over the past quarter.

Owlet Inc. provides digital parenting solutions, including real-time data and health monitoring devices for infants. The company's flagship product, Dream Sock, is the first and only FDA- and UK/CE-cleared over-the-counter health monitor for infants, utilizing pulse oximetry technology to monitor vital signs such as pulse rate, oxygen levels, activity, and sleep patterns. The company also offers other baby monitors like BabySat, Smart Sock, Owlet Cam, Dream Duo, and Owlet360, a subscription service providing personalized insights into babies' development and health.

In the first quarter ended March 31, 2025, Owlet Inc. reported revenue growth of over 43% year-over-year and delivered its fourth consecutive quarter of breakeven or better adjusted EBITDA. The company recently announced a new distribution partnership with Children's Hospital of The King's Daughters, allowing babies to leave the hospital with a BabySat or Dream Sock. For the second quarter ended June 30, 2025, revenue is expected to be $22.17 million, and for the full year 2025, revenue is projected to be in the range of $91 million to $95 million, representing a 17% to 22% year-over-year growth.

Despite the positive financial outlook, insiders have been selling shares, indicating a negative sentiment. Rickert's price target increase reflects his confidence in Owlet Inc.'s growth potential and its mission to bring peace of mind to new parents. Investors should closely monitor the company's financial performance and insider trading activity to make informed decisions.

References:
[1] https://www.tipranks.com/news/the-fly/owlet-price-target-raised-to-12-from-9-at-northland-thefly
[2] https://finance.yahoo.com/quote/OWLT/
[3] https://www.nasdaq.com/articles/owlet-delivering-peace-mind-parents-and-investors
[4] https://finance.yahoo.com/news/3-asian-growth-companies-high-223759118.html