Analysts Set Ouster, Inc. (NYSE:OUST) Price Target at $13.17

Shares of Ouster, Inc. (NYSE:OUSTGet Free Report) have received an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.17.

A number of brokerages recently commented on OUST. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday. They issued an “outperform” rating and a $14.00 target price on the stock. Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Monday, November 11th.

Read Our Latest Analysis on OUST

Ouster Stock Down 0.7 %

NYSE OUST opened at $9.08 on Thursday. The stock’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $9.21. Ouster has a twelve month low of $4.65 and a twelve month high of $16.88. The company has a market capitalization of $451.92 million, a price-to-earnings ratio of -3.53 and a beta of 2.50.

Insider Activity at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total value of $273,781.84. Following the sale, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.81% of the stock is owned by company insiders.

Institutional Trading of Ouster

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares during the last quarter. 180 Wealth Advisors LLC increased its position in shares of Ouster by 8.5% during the second quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock valued at $228,000 after acquiring an additional 1,823 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ouster in the 2nd quarter worth approximately $27,000. Ballentine Partners LLC bought a new position in Ouster in the 2nd quarter valued at approximately $101,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in Ouster during the 3rd quarter valued at $67,000. 31.45% of the stock is owned by institutional investors.

Ouster Company Profile

(Get Free Report

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.

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Analyst Recommendations for Ouster (NYSE:OUST)

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