Cantor Fitzgerald Brokers Lift Earnings Estimates for Ouster

Ouster, Inc. (NYSE:OUST) – Cantor Fitzgerald boosted their FY2025 EPS estimates for shares of Ouster in a research report issued on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings per share of ($1.69) for the year, up from their previous estimate of ($1.87). Cantor Fitzgerald currently has a “Overweight” rating and a $11.00 target price on the stock. The consensus estimate for Ouster’s current full-year earnings is ($2.20) per share.

Other equities analysts also recently issued reports about the stock. Oppenheimer initiated coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Westpark Capital raised Ouster from a “hold” rating to a “buy” rating and set a $13.68 price objective on the stock in a research note on Friday, May 9th. Rosenblatt Securities restated a “buy” rating and set a $17.00 price objective on shares of Ouster in a report on Friday, March 21st. Finally, UBS Group set a $16.00 target price on Ouster in a report on Thursday, March 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $14.10.

Ouster Trading Down 1.1%

NYSE OUST opened at $11.24 on Wednesday. The stock has a market cap of $604.33 million, a PE ratio of -4.37 and a beta of 2.25. Ouster has a 12 month low of $5.84 and a 12 month high of $16.88. The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $9.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Ouster by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock worth $34,354,000 after buying an additional 190,885 shares during the period. Penn Capital Management Company LLC lifted its stake in Ouster by 5.6% during the 1st quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company’s stock valued at $10,387,000 after acquiring an additional 60,886 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ouster by 4.8% in 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 during the last quarter. New York State Common Retirement Fund increased its stake in shares of Ouster by 25.8% in the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock worth $9,281,000 after acquiring an additional 155,640 shares during the period. Finally, Trexquant Investment LP increased its stake in shares of Ouster by 113.9% in the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after acquiring an additional 320,742 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is currently owned by corporate insiders.

About Ouster

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.