Ouster’s (OUST) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Ouster (NYSE:OUST) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $13.00 target price on the stock.

Other equities analysts have also issued reports about the company. Craig Hallum raised their price target on Ouster from $10.00 to $13.00 and gave the stock a buy rating in a report on Friday, May 10th. Rosenblatt Securities raised their price target on Ouster from $12.00 to $17.00 and gave the company a buy rating in a research report on Friday, May 10th. Finally, Chardan Capital restated a neutral rating and set a $10.00 price target on shares of Ouster in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Ouster presently has an average rating of Hold and an average target price of $12.10.

Ouster Stock Performance

Shares of OUST opened at $9.65 on Monday. The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $436.42 million, a price-to-earnings ratio of -1.73 and a beta of 2.47. The stock has a 50 day moving average of $10.67 and a 200 day moving average of $7.92. Ouster has a 12 month low of $3.67 and a 12 month high of $14.17.

Ouster (NYSE:OUST) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.55) earnings per share for the quarter. Ouster had a negative net margin of 239.89% and a negative return on equity of 88.42%. The firm had revenue of $25.94 million for the quarter. During the same period last year, the business posted ($3.36) earnings per share. As a group, sell-side analysts forecast that Ouster will post -2.34 earnings per share for the current year.

Insider Buying and Selling at Ouster

In related news, Director Virginia Boulet purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $12.20 per share, with a total value of $122,000.00. Following the transaction, the director now directly owns 173,089 shares in the company, valued at approximately $2,111,685.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Mark Weinswig sold 2,535 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $28,239.90. Following the completion of the transaction, the chief financial officer now directly owns 230,106 shares in the company, valued at approximately $2,563,380.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Virginia Boulet acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $12.20 per share, with a total value of $122,000.00. Following the completion of the acquisition, the director now owns 173,089 shares in the company, valued at $2,111,685.80. The disclosure for this purchase can be found here. In the last three months, insiders have sold 16,168 shares of company stock valued at $184,264. 7.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently added to or reduced their stakes in OUST. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ouster in the 4th quarter worth $4,585,000. AIGH Capital Management LLC increased its stake in shares of Ouster by 44.2% in the 4th quarter. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock worth $14,244,000 after purchasing an additional 569,121 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in shares of Ouster in the 3rd quarter worth $1,587,000. Essex Investment Management Co. LLC purchased a new stake in shares of Ouster in the 1st quarter worth $1,698,000. Finally, Vanguard Group Inc. increased its stake in shares of Ouster by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after purchasing an additional 164,360 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.