Brokerages Set Ouster, Inc. (NYSE:OUST) Target Price at $13.33

Shares of Ouster, Inc. (NYSE:OUST) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.33.

Several equities research analysts recently issued reports on OUST shares. Cantor Fitzgerald increased their price objective on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Northland Securities started coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Westpark Capital assumed coverage on shares of Ouster in a research note on Monday, March 17th. They set a “hold” rating for the company.

Ouster Price Performance

Shares of OUST opened at $11.24 on Friday. The company has a 50-day moving average of $9.41 and a two-hundred day moving average of $8.99. The stock has a market cap of $559.43 million, a price-to-earnings ratio of -4.37 and a beta of 2.38. Ouster has a one year low of $4.92 and a one year high of $16.88.

Institutional Trading of Ouster

Institutional investors have recently added to or reduced their stakes in the business. EVR Research LP bought a new position in shares of Ouster during the 4th quarter valued at $5,343,000. Trexquant Investment LP increased its position in Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after buying an additional 320,742 shares during the last quarter. Penn Capital Management Company LLC increased its position in Ouster by 27.4% during the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after buying an additional 235,563 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in Ouster during the fourth quarter valued at about $2,566,000. Finally, Vanguard Group Inc. lifted its position in shares of Ouster by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after buying an additional 155,736 shares during the last quarter. 31.45% of the stock is currently 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.