FY2024 EPS Estimates for Ouster Raised by Cantor Fitzgerald

Ouster, Inc. (NYSE:OUST - Free Report) - Cantor Fitzgerald upped their FY2024 earnings estimates for shares of Ouster in a research note issued on Monday, November 11th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($2.20) per share for the year, up from their prior forecast of ($2.40). Cantor Fitzgerald currently has a "Overweight" rating and a $10.00 target price on the stock. The consensus estimate for Ouster's current full-year earnings is ($2.40) per share.

Ouster (NYSE:OUST - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative net margin of 106.50% and a negative return on equity of 65.17%. The company had revenue of $26.99 million for the quarter.

Other analysts also recently issued research reports about the stock. Craig Hallum dropped their target price on shares of Ouster from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Finally, Westpark Capital reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Ouster Trading Down 4.9 %

Shares of NYSE OUST traded down $0.45 on Thursday, reaching $8.66. 890,908 shares of the company traded hands, compared to its average volume of 1,158,528. Ouster has a fifty-two week low of $4.65 and a fifty-two week high of $16.88. The company has a 50 day moving average of $6.99 and a 200 day moving average of $9.48. The stock has a market capitalization of $418.54 million, a PE ratio of -3.55 and a beta of 2.34.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently bought and sold shares of OUST. Marshall Wace LLP boosted its stake in shares of Ouster by 184.9% during the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company's stock valued at $6,424,000 after buying an additional 424,178 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company's stock valued at $18,491,000 after buying an additional 164,360 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Ouster during the 2nd quarter valued at approximately $1,305,000. Renaissance Technologies LLC purchased a new position in shares of Ouster during the 2nd quarter valued at approximately $1,217,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Ouster during the 3rd quarter valued at approximately $706,000. 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.