Ouster (NYSE:OUST) Raised to Overweight at Cantor Fitzgerald

Ouster (NYSE:OUST) was upgraded by Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research report issued on Monday, Marketbeat.com reports. The firm presently has a $10.00 target price on the stock, down from their previous target price of $12.00. Cantor Fitzgerald’s target price points to a potential upside of 2.35% from the stock’s current price.

Several other research firms also recently weighed in on OUST. Westpark Capital reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Monday, August 12th. Craig Hallum cut their price target on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Ouster Price Performance

Shares of NYSE OUST opened at $9.77 on Monday. The company’s fifty day moving average is $6.87 and its two-hundred day moving average is $9.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. The firm has a market capitalization of $472.18 million, a P/E ratio of -3.80 and a beta of 2.34. Ouster has a one year low of $4.56 and a one year high of $16.88.

Ouster (NYSE:OUST) last issued its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. Ouster had a negative return on equity of 65.10% and a negative net margin of 106.50%. The company had revenue of $26.99 million for the quarter. Analysts forecast that Ouster will post -2.4 EPS for the current fiscal year.

Institutional Trading of Ouster

A number of large investors have recently made changes to their positions in OUST. SG Americas Securities LLC acquired a new stake in shares of Ouster during the 1st quarter worth about $89,000. Susquehanna Fundamental Investments LLC purchased a new stake in Ouster in the 1st quarter worth approximately $111,000. Russell Investments Group Ltd. raised its holdings in Ouster by 17.2% in the 1st quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock valued at $394,000 after acquiring an additional 7,269 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ouster by 7.6% during the first 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 during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Ouster in the first quarter valued at $79,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.