Ouster, Inc. (NYSE:OUST) Receives Consensus Rating of “Moderate Buy” from Analysts

Ouster, Inc. (NYSE:OUST) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.33.

A number of equities analysts have weighed in on OUST shares. Cantor Fitzgerald upped their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Westpark Capital assumed coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, March 21st. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price on the stock. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th.

Institutional Trading of Ouster

Institutional investors and hedge funds have recently bought and sold shares of the business. EVR Research LP purchased a new stake in shares of Ouster during the fourth quarter worth approximately $5,343,000. Trexquant Investment LP lifted its stake in Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after purchasing an additional 320,742 shares during the last quarter. Penn Capital Management Company LLC boosted its holdings in Ouster by 27.4% in the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock valued at $13,375,000 after purchasing an additional 235,563 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Ouster in the 4th quarter valued at $2,566,000. Finally, Vanguard Group Inc. raised its stake in Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after acquiring an additional 155,736 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Stock Down 5.4 %

NYSE:OUST opened at $10.62 on Friday. The stock has a market capitalization of $528.57 million, a PE ratio of -4.13 and a beta of 2.38. Ouster has a 52 week low of $5.26 and a 52 week high of $16.88. The stock’s 50-day moving average price is $9.40 and its 200-day moving average price is $9.04.

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.