Ouster (NYSE:OUST) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Ouster (NYSE:OUST) had its target price upped by investment analysts at Cantor Fitzgerald from $10.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential downside of 0.45% from the stock’s previous close.

Several other research firms also recently issued reports on OUST. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Westpark Capital began coverage on shares of Ouster in a report on Monday, March 17th. They issued a “hold” rating on the stock. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ouster presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Ouster Stock Up 31.9 %

OUST opened at $11.05 on Friday. Ouster has a 52-week low of $4.92 and a 52-week high of $16.88. The company has a market cap of $549.97 million, a P/E ratio of -4.30 and a beta of 2.38. The firm’s 50-day moving average price is $9.40 and its 200-day moving average price is $8.94.

Institutional Investors Weigh In On Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in OUST. EVR Research LP acquired a new stake in shares of Ouster during the 4th quarter worth approximately $5,343,000. Trexquant Investment LP grew its stake in shares of Ouster by 113.9% during the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after purchasing an additional 320,742 shares during the period. Penn Capital Management Company LLC grew its stake in shares of Ouster by 27.4% during the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after purchasing an additional 235,563 shares during the period. Manatuck Hill Partners LLC acquired a new stake in shares of Ouster during the 4th quarter worth approximately $2,566,000. Finally, Vanguard Group Inc. grew its stake in shares of Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after purchasing an additional 155,736 shares during the period. Institutional investors and hedge funds 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.