Shares of Owlet, Inc. (NYSE:OWLT - Get Free Report) rose 0.7% on Thursday . The company traded as high as $4.63 and last traded at $4.53. Approximately 18,314 shares changed hands during trading, a decline of 60% from the average daily volume of 46,083 shares. The stock had previously closed at $4.50.
Owlet Stock Up 1.6 %
The company's fifty day moving average is $4.76 and its two-hundred day moving average is $4.55. The stock has a market cap of $72.80 million, a price-to-earnings ratio of -1.90 and a beta of 1.50.
Institutional Investors Weigh In On Owlet
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Owlet by 31.0% in the third 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 during the last quarter. Rosalind Advisors Inc. purchased a new position in shares of Owlet in the 3rd quarter valued at about $1,212,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Owlet during the 3rd quarter worth about $2,598,000. 72.60% of the stock is currently owned by institutional investors and hedge funds.
About Owlet
(
Get Free Report)
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.
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