TD Cowen Reiterates Buy Rating on Owlet, Inc. (OWLT)
TD Cowen reaffirms its buy rating for Owlet, Inc. with a $10 price target, a 80.18% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating for Owlet, Inc. (OWLT) on June 22, 2026, setting a price target of $10.
- TD Cowen's $10 price target implies 80.18% upside from Owlet, Inc.'s ($OWLT) current $5.55 share price.
- Shares of NYSE:OWLT traded at $5.01 on Tuesday, with a market cap of $147.3 million and a forward P/E of 46.2.
- Institutional investors like Ameriprise Financial and Cannell Capital increased their stakes in Owlet recently.
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TD Cowen has reaffirmed its buy rating on Owlet, Inc. (NYSE:OWLT) as of June 22, 2026. Analyst Jonna Kim set a price target of $10 for the company, which specializes in digital parenting solutions. This reiteration comes as shares of Owlet traded at $5.01 on Tuesday.
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Other Institutional Activity in Owlet, Inc.
Several institutional investors have been active in Owlet, Inc. recently. Ameriprise Financial Inc. significantly boosted its holdings by 918,373 shares, ending with 1,236,061 shares valued at about $6.35 million, a 289.1% increase. Cannell Capital LLC also increased its stake by 566,543 shares, reaching a total of 998,165 shares worth about $5.13 million, marking a 131.3% rise. Meanwhile, AWM Investment Company, Inc. raised its holdings by 230,219 shares to 1,978,470 shares, valued at approximately $10.17 million, reflecting a 13.2% increase.
Owlet, Inc. Stock Up 11.2%
Shares of Owlet, Inc. (NYSE:OWLT) traded near $5.01 on Tuesday. The company has a market capitalization of about $147.3 million and a forward P/E ratio of 46.2. With a beta of 1.856, Owlet's stock has seen a 52-week low of $4.19 and a high of $16.94. The stock's 50-day moving average is $5.27, while the 200-day moving average is $9.08. The company maintains a current ratio of 1.713 and a quick ratio of 1.149, with a debt-to-equity ratio of 55.438.
$OWLT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Owlet, Inc. reported revenue of $107.06 million, with a modest revenue growth of 6.4%. However, the company is not yet profitable, with a net margin of -43% and a return on equity of -5.26%. Its next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Owlet, Inc.
There has been notable insider activity at Owlet, Inc. recently. CEO Kurt Workman purchased 850,000 shares on April 28, 2026. Earlier in the year, on February 27, 2026, CFO Amanda Crawford sold 6,892 shares at an average price of $11.50. Meanwhile, Jonathan Harris acquired 41,666 shares on February 26, 2026.
Analysts Set New Price Targets
On June 22, 2026, TD Cowen maintained its buy rating for Owlet, Inc. with a price target of $10. The consensus among analysts is a strong buy, with a mean target price of $13.75 based on four opinions.
About Owlet, Inc.
Owlet, Inc. is a healthcare company based in Lehi, Utah, known for its digital parenting solutions. The company offers a range of products, including the Dream Sock, a wearable monitor for infants that tracks vital signs. Owlet also provides the Dream Sight audio and video monitor, and the Dream Duo, which combines both products into a connected health system. Founded in 2012, Owlet aims to provide parents with real-time data and insights to help monitor their children's health.
Bottom Line
Owlet, Inc. continues to draw attention from analysts and institutional investors alike. TD Cowen's reaffirmation of a buy rating and a $10 target highlights confidence in the company's potential. However, investors should remember that 13F filings and analyst ratings are backward-looking and may not reflect the latest market conditions.
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