Ouster’s (OUST) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Ouster (NYSE:OUST) in a research report sent to investors on Friday,Benzinga reports. Rosenblatt Securities currently has a $17.00 target price on the stock.

Several other research analysts have also recently commented on OUST. Northland Securities initiated coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company. Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Westpark Capital started coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Ouster Price Performance

Shares of OUST stock opened at $11.05 on Friday. The stock has a market cap of $549.97 million, a P/E 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 stock has a fifty day moving average price of $9.40 and a 200 day moving average price of $8.96.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in OUST. Intech Investment Management LLC acquired a new stake in shares of Ouster in the third quarter valued at $81,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ouster by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after buying an additional 34,743 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Ouster in the third quarter valued at $167,000. Stifel Financial Corp increased its stake in shares of Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after buying an additional 44,275 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.