Ouster (NYSE:OUST) Earns Buy Rating from Rosenblatt Securities

Ouster (NYSE:OUST)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They presently have a $17.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 53.85% from the company’s previous close.

Several other brokerages also recently weighed in on OUST. Northland Securities initiated coverage on shares of Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price on the stock. Westpark Capital initiated coverage on shares of Ouster in a report on Monday, March 17th. They issued a “hold” rating on the stock. Finally, Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ouster currently has an average rating of “Moderate Buy” and an average target price of $13.33.

Ouster Stock Performance

NYSE OUST opened at $11.05 on Friday. The firm has a market cap of $549.97 million, a PE ratio of -4.30 and a beta of 2.38. Ouster has a one year low of $4.92 and a one year high of $16.88. The firm’s fifty day moving average is $9.40 and its two-hundred day moving average is $8.94.

Institutional Trading of Ouster

A number of institutional investors have recently added to or reduced their stakes in OUST. Intech Investment Management LLC purchased a new stake in Ouster during the third quarter worth about $81,000. Daiwa Securities Group Inc. boosted its holdings in Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after buying an additional 1,063 shares in the last quarter. AlphaQuest LLC boosted its holdings in Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after buying an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in Ouster during the fourth quarter worth about $154,000. Finally, SVB Wealth LLC purchased a new stake in Ouster during the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.