Ouster (NYSE:OUST) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Ouster (NYSE:OUST) had its price target increased by Cantor Fitzgerald from $10.00 to $11.00 in a research note released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on OUST. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Friday. Northland Securities initiated coverage on Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Finally, Westpark Capital initiated coverage on Ouster in a research report on Monday, March 17th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ouster Stock Performance

Shares of OUST opened at $11.05 on Friday. Ouster has a 52-week low of $4.91 and a 52-week high of $16.88. The business’s fifty day moving average is $9.40 and its 200-day moving average is $8.92. The firm has a market cap of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OUST. Intech Investment Management LLC bought a new stake in Ouster during the 3rd quarter worth approximately $81,000. Charles Schwab Investment Management Inc. increased its holdings in Ouster by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after purchasing an additional 34,743 shares in the last quarter. Centiva Capital LP bought a new stake in Ouster during the 3rd quarter worth approximately $167,000. Stifel Financial Corp increased its holdings in Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after purchasing an additional 44,275 shares in the last quarter. Finally, State Street Corp increased its holdings in Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after purchasing an additional 37,926 shares in the last quarter. 31.45% of the stock is 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.