FY2022 EPS Estimates for Otonomo Technologies Ltd. (NASDAQ:OTMO) Raised by Analyst

Otonomo Technologies Ltd. (NASDAQ:OTMOGet Rating) – Research analysts at B. Riley lifted their FY2022 earnings per share estimates for shares of Otonomo Technologies in a note issued to investors on Wednesday, November 16th. B. Riley analyst J. Nichols now forecasts that the company will post earnings per share of ($0.40) for the year, up from their prior estimate of ($0.47). B. Riley currently has a “Buy” rating and a $1.50 target price on the stock. The consensus estimate for Otonomo Technologies’ current full-year earnings is ($0.40) per share. B. Riley also issued estimates for Otonomo Technologies’ Q4 2022 earnings at ($0.09) EPS, FY2023 earnings at ($0.39) EPS and FY2024 earnings at ($0.24) EPS.

Separately, Needham & Company LLC cut their target price on shares of Otonomo Technologies from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, August 18th.

Otonomo Technologies Price Performance

OTMO stock opened at $0.35 on Monday. The firm has a 50 day simple moving average of $0.31 and a two-hundred day simple moving average of $0.73. Otonomo Technologies has a one year low of $0.20 and a one year high of $4.70.

Hedge Funds Weigh In On Otonomo Technologies

A number of large investors have recently added to or reduced their stakes in OTMO. American International Group Inc. purchased a new position in shares of Otonomo Technologies in the second quarter worth about $1,243,000. Renaissance Technologies LLC bought a new stake in Otonomo Technologies in the first quarter valued at approximately $674,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in shares of Otonomo Technologies during the third quarter valued at approximately $185,000. Game Plan Financial Advisors LLC bought a new position in shares of Otonomo Technologies in the third quarter worth approximately $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Otonomo Technologies by 3.4% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,192,416 shares of the company’s stock worth $618,000 after buying an additional 71,975 shares during the period. Hedge funds and other institutional investors own 44.36% of the company’s stock.

Otonomo Technologies Company Profile

(Get Rating)

Otonomo Technologies Ltd. provides an automotive data service platform and marketplace that enables car manufacturers, drivers, and service providers to be part of a connected ecosystem. The company offers cabin data, including the state of doors and windows, ADAS, and infotainment data; engine-related information, such as fuel, oil, error codes or battery voltage, and state of charge; maintenance data comprising time or distance traveled and diagnostic trouble codes; data related to the specific vehicles, which include making, model, year, and fuel type; driving data consisting of location, distance travelled, odometer, and heading and speed; and environmental data that include external weather and temperature, and road hazards and road signs.

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Earnings History and Estimates for Otonomo Technologies (NASDAQ:OTMO)

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