Ouster (NYSE:OUST) Receives “Buy” Rating from Rosenblatt Securities

Ouster (NYSE:OUST)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They currently have a $17.00 price target on the stock. Rosenblatt Securities’ price target indicates a potential upside of 102.86% from the stock’s current price.

OUST has been the subject of several other reports. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Northland Securities started coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Westpark Capital started coverage on Ouster in a research note on Monday. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

Ouster Trading Up 1.0 %

Shares of NYSE OUST opened at $8.38 on Friday. The stock has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $8.90. Ouster has a 1-year low of $4.91 and a 1-year high of $16.88. The firm has a market cap of $417.08 million, a price-to-earnings ratio of -3.26 and a beta of 2.38.

Hedge Funds Weigh In On Ouster

Several institutional investors have recently modified their holdings of OUST. Squarepoint Ops LLC boosted its holdings in Ouster by 146.2% during the 4th quarter. Squarepoint Ops LLC now owns 127,082 shares of the company’s stock valued at $1,553,000 after acquiring an additional 75,470 shares during the period. ProShare Advisors LLC raised its position in shares of Ouster by 52.4% in the 4th quarter. ProShare Advisors LLC now owns 21,136 shares of the company’s stock worth $258,000 after acquiring an additional 7,267 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ouster by 10.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after acquiring an additional 2,542 shares in the last quarter. Graham Capital Management L.P. raised its position in shares of Ouster by 10.1% in the 4th quarter. Graham Capital Management L.P. now owns 63,228 shares of the company’s stock worth $773,000 after acquiring an additional 5,787 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Ouster by 30.8% in the 4th quarter. Deutsche Bank AG now owns 31,137 shares of the company’s stock worth $380,000 after acquiring an additional 7,329 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.

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.