Cantor Fitzgerald Forecasts Strong Price Appreciation for Ouster (NYSE:OUST) Stock

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

A number of other research analysts have also issued reports on the company. Northland Securities started coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Westpark Capital began coverage on Ouster in a report on Monday, March 17th. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ouster Price Performance

Shares of NYSE:OUST opened at $11.05 on Friday. Ouster has a 1 year low of $4.92 and a 1 year high of $16.88. The firm has a market capitalization of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38. The business’s 50 day moving average price is $9.40 and its 200-day moving average price is $8.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OUST. Intech Investment Management LLC acquired a new position in shares of Ouster during the 3rd quarter valued at about $81,000. Charles Schwab Investment Management Inc. boosted its holdings in Ouster by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Ouster in the 3rd quarter valued at approximately $167,000. Stifel Financial Corp increased its holdings in shares of Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after buying an additional 44,275 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after buying an additional 37,926 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.