Cantor Fitzgerald Forecasts Strong Price Appreciation for Ouster (NYSE:OUST) Stock

Ouster (NYSE:OUST) had its price objective upped by stock analysts at Cantor Fitzgerald from $10.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 5.48% from the company’s current price.

OUST has been the subject of several other reports. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday. Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Westpark Capital initiated coverage on shares of Ouster in a report on Monday. They issued a “hold” rating for the company. Finally, Northland Securities started coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.33.

Ouster Stock Up 24.5 %

OUST traded up $2.05 during trading hours on Friday, reaching $10.43. 3,208,024 shares of the company’s stock traded hands, compared to its average volume of 1,334,968. The firm has a 50-day moving average price of $9.41 and a 200 day moving average price of $8.90. The firm has a market capitalization of $519.06 million, a PE ratio of -4.10 and a beta of 2.38. Ouster has a 52-week low of $4.91 and a 52-week high of $16.88.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ouster by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after purchasing an additional 155,736 shares in the last quarter. State Street Corp lifted its stake in shares of Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after buying an additional 37,926 shares in the last quarter. Penn Capital Management Company LLC boosted its position in Ouster by 27.4% during the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after acquiring an additional 235,563 shares during the last quarter. Geode Capital Management LLC grew its stake in Ouster by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock valued at $12,495,000 after acquiring an additional 46,867 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Ouster by 25.8% in the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock valued at $9,281,000 after acquiring an additional 155,640 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.