Ouster, Inc. (NYSE:OUST) Stake Raised by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Ouster, Inc. (NYSE:OUST) by 38.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,615 shares of the company’s stock after purchasing an additional 12,691 shares during the quarter. American Century Companies Inc.’s holdings in Ouster were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new position in shares of Ouster during the second quarter valued at $101,000. Rhumbline Advisers bought a new stake in shares of Ouster in the 2nd quarter worth approximately $598,000. Fairhaven Wealth Management LLC acquired a new stake in shares of Ouster during the 2nd quarter worth about $131,000. Van ECK Associates Corp acquired a new stake in shares of Ouster in the second quarter valued at $56,000. Finally, Bank of New York Mellon Corp bought a new stake in Ouster during the 2nd quarter worth about $1,305,000. Institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

NYSE OUST opened at $6.16 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26. Ouster, Inc. has a 12-month low of $3.67 and a 12-month high of $16.88. The company has a market capitalization of $278.59 million, a PE ratio of -1.10 and a beta of 2.37. The firm’s 50 day moving average is $8.05 and its 200-day moving average is $9.45.

Ouster (NYSE:OUST) last released its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The firm had revenue of $26.99 million during the quarter. Equities research analysts anticipate that Ouster, Inc. will post -2.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OUST. Craig Hallum cut their price target on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Westpark Capital restated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Monday, August 12th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $12.00 target price on shares of Ouster in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.40.

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.