Goldman Sachs Sticks to Their Buy Rating for Blue Owl Capital (OWL)

In a report released today, Alexander Blostein from Goldman Sachs maintained a Buy rating on Blue Owl Capital (OWLResearch Report), with a price target of $13.75. The company’s shares closed last Friday at $9.23.

Blostein covers the Financial sector, focusing on stocks such as Blue Owl Capital, Northern, and Artisan Partners. According to TipRanks, Blostein has an average return of 10.3% and a 59.33% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blue Owl Capital with a $15.65 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Blue Owl Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $327.25 million and a GAAP net loss of $1.13 million. In comparison, last year the company earned a revenue of $179.26 million and had a GAAP net loss of $362.34 million

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OWL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Altimar Acquisition Corp is a blank check company.

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