Cantor Fitzgerald Raises Ouster (NYSE:OUST) Price Target to $11.00

Ouster (NYSE:OUST - Get Free Report) had its price objective raised by analysts at Cantor Fitzgerald from $10.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price suggests a potential downside of 2.05% from the company's previous close.

OUST has been the subject of a number of other reports. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Northland Securities began 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. Rosenblatt Securities reiterated a "buy" rating and set a $17.00 target price on shares of Ouster in a report on Friday. Finally, Westpark Capital began coverage on Ouster in a research report on Monday, March 17th. They set a "hold" rating on the stock. Two investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.33.

Ouster Price Performance

NYSE OUST traded down $0.01 during mid-day trading on Friday, hitting $11.23. The company's stock had a trading volume of 1,213,510 shares, compared to its average volume of 1,369,671. The firm has a market capitalization of $558.93 million, a P/E ratio of -4.37 and a beta of 2.38. Ouster has a 52-week low of $4.93 and a 52-week high of $16.88. The stock's fifty day simple moving average is $9.42 and its two-hundred day simple moving average is $9.03.

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Institutional Investors Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of the business. EVR Research LP purchased a new position in shares of Ouster during the 4th quarter valued at approximately $5,343,000. Trexquant Investment LP boosted its stake in Ouster by 113.9% during the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock valued at $7,362,000 after acquiring an additional 320,742 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in Ouster by 27.4% during the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock worth $13,375,000 after acquiring an additional 235,563 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Ouster in the 4th quarter worth about $2,566,000. Finally, Vanguard Group Inc. raised its stake in shares of Ouster by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock valued at $44,416,000 after purchasing an additional 155,736 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

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.