Ouster, Inc. (NYSE:OUST) Given Consensus Recommendation of "Moderate Buy" by Analysts

Ouster, Inc. (NYSE:OUST - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.33.

A number of brokerages recently issued reports on OUST. Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 target price on the stock. Westpark Capital began coverage on Ouster in a research note on Monday, March 17th. They issued a "hold" rating on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price objective on shares of Ouster in a research note on Friday. Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald boosted their price target on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday.

Ouster Stock Down 0.1 %

NYSE:OUST traded down $0.01 during trading hours on Friday, reaching $11.23. 1,212,723 shares of the company's stock were exchanged, compared to its average volume of 1,366,483. The company has a market capitalization of $558.93 million, a P/E ratio of -4.37 and a beta of 2.38. Ouster has a 12 month low of $4.92 and a 12 month high of $16.88. The business's 50-day simple moving average is $9.41 and its two-hundred day simple moving average is $8.99.

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Hedge Funds Weigh In On Ouster

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Ouster by 4.5% in the fourth 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. State Street Corp lifted its holdings in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company's stock valued at $10,392,000 after buying an additional 37,926 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in Ouster by 27.4% in 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. Geode Capital Management LLC boosted its holdings in Ouster by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company's stock worth $12,495,000 after purchasing an additional 46,867 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Ouster by 25.8% in the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company's stock worth $9,281,000 after buying an additional 155,640 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.