Marshall Wace LLP Purchases 424,178 Shares of Ouster, Inc. (NYSE:OUST)

Marshall Wace LLP increased its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 184.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 653,530 shares of the company's stock after acquiring an additional 424,178 shares during the period. Marshall Wace LLP owned 1.45% of Ouster worth $6,424,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in OUST. Van ECK Associates Corp bought a new position in Ouster in the 2nd quarter worth $56,000. Lake Street Advisors Group LLC acquired a new stake in shares of Ouster in the first quarter valued at about $79,000. Ballentine Partners LLC bought a new position in shares of Ouster in the second quarter worth about $101,000. SG Americas Securities LLC acquired a new position in shares of Ouster during the 1st quarter worth about $89,000. Finally, Fairhaven Wealth Management LLC bought a new stake in Ouster during the 2nd quarter valued at approximately $131,000. Institutional investors and hedge funds own 31.45% of the company's stock.

Ouster Stock Performance

Shares of OUST traded down $0.24 on Tuesday, reaching $6.06. 851,030 shares of the stock traded hands, compared to its average volume of 1,160,437. The stock's 50-day moving average price is $8.52 and its 200-day moving average price is $9.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.40 and a quick ratio of 3.14. The firm has a market cap of $274.06 million, a price-to-earnings ratio of -1.09 and a beta of 2.37. Ouster, Inc. has a 12 month low of $3.67 and a 12 month high of $16.88.

Ouster (NYSE:OUST - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. The business had revenue of $26.99 million during the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. Equities analysts forecast that Ouster, Inc. will post -2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on OUST. Westpark Capital reaffirmed a "buy" rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $12.00 target price on shares of Ouster in a research report on Monday. Craig Hallum cut their target price on shares of Ouster from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.40.

Ouster 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.