FY2024 EPS Estimates for Ouster Raised by Cantor Fitzgerald

Ouster, Inc. (NYSE:OUST) – Analysts at Cantor Fitzgerald increased their FY2024 earnings per share (EPS) estimates for Ouster in a research note issued on Monday, November 11th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($2.20) per share for the year, up from their previous forecast of ($2.40). Cantor Fitzgerald currently has a “Overweight” rating and a $10.00 target price on the stock. The consensus estimate for Ouster’s current full-year earnings is ($2.40) per share.

Ouster (NYSE:OUST) last released its earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. The business had revenue of $26.99 million for the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%.

Several other equities research analysts have also issued reports on the stock. Westpark Capital restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Monday, August 12th. Craig Hallum decreased their target price on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ouster presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Ouster Stock Performance

NYSE OUST opened at $8.70 on Thursday. The company has a market capitalization of $420.47 million, a PE ratio of -3.39 and a beta of 2.34. Ouster has a 52-week low of $4.65 and a 52-week high of $16.88. The company has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $9.48.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in OUST. Vanguard Group Inc. increased its holdings in Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after acquiring an additional 164,360 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ouster during the 1st quarter valued at $111,000. Renaissance Technologies LLC purchased a new stake in shares of Ouster in the second quarter worth $1,217,000. Bank of New York Mellon Corp bought a new stake in Ouster during the second quarter valued at $1,305,000. Finally, Marshall Wace LLP grew its position in Ouster by 184.9% during the second quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after buying an additional 424,178 shares in the last quarter. 31.45% of the stock is currently owned by 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.