Westpark Capital Begins Coverage on Ouster (NYSE:OUST)

Stock analysts at Westpark Capital began coverage on shares of Ouster (NYSE:OUST) in a research report issued on Monday,Benzinga reports. The brokerage set a “hold” rating on the stock.

Several other equities analysts have also issued reports on the company. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

Ouster Trading Down 4.1 %

Ouster stock opened at $8.16 on Monday. The firm has a market capitalization of $406.13 million, a P/E ratio of -3.18 and a beta of 2.38. Ouster has a 1 year low of $4.75 and a 1 year high of $16.88. The business has a 50-day moving average of $9.58 and a 200-day moving average of $8.90.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its holdings in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after buying an additional 1,063 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after buying an additional 1,074 shares in the last quarter. Invesco Ltd. grew its holdings in Ouster by 7.3% in the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock valued at $251,000 after buying an additional 1,391 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in Ouster by 4.9% in the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock valued at $385,000 after buying an additional 1,463 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ouster by 10.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after purchasing an additional 2,542 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

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.