Ouster (NYSE:OUST) Upgraded by Cantor Fitzgerald to Overweight Rating

Ouster (NYSE:OUST - Get Free Report) was upgraded by analysts at Cantor Fitzgerald from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $10.00 price target on the stock, down from their prior price target of $12.00. Cantor Fitzgerald's price target would indicate a potential downside of 0.89% from the company's current price.

Several other research analysts also recently weighed in on OUST. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of Ouster in a research report on Friday. Westpark Capital restated a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Monday, August 12th. Finally, Craig Hallum decreased their price objective on shares of Ouster from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Ouster Stock Performance

Shares of NYSE OUST traded up $2.10 during midday trading on Monday, hitting $10.09. 2,660,439 shares of the company's stock were exchanged, compared to its average volume of 1,146,476. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. Ouster has a twelve month low of $4.56 and a twelve month high of $16.88. The stock's 50 day moving average price is $6.80 and its 200-day moving average price is $9.45.

Ouster (NYSE:OUST - Get Free Report) last released its earnings results 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 65.10%. The company had revenue of $26.99 million for the quarter. As a group, equities analysts anticipate that Ouster will post -2.4 earnings per share for the current fiscal year.

Institutional Trading of Ouster

Several hedge funds and other institutional investors have recently bought and sold shares of OUST. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ouster during the second quarter worth about $27,000. Van ECK Associates Corp boosted its stake in Ouster by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company's stock valued at $46,000 after buying an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in Ouster in the third quarter valued at $67,000. True North Advisors LLC bought a new position in shares of Ouster during the third quarter valued at $78,000. Finally, Lake Street Advisors Group LLC bought a new position in shares of Ouster during the first quarter valued at $79,000. 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.