Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) saw unusually-high trading volume on Friday after Cantor Fitzgerald raised their price target on the stock from $10.00 to $11.00. Cantor Fitzgerald currently has an overweight rating on the stock. Approximately 3,761,063 shares were traded during trading, an increase of 182% from the previous session's volume of 1,335,890 shares.The stock last traded at $10.43 and had previously closed at $8.38.
OUST has been the topic of a number of other reports. Westpark Capital assumed coverage on Ouster in a report on Monday, March 17th. They set a "hold" rating on the stock. Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Northland Securities initiated coverage on shares of Ouster in a report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 price target on shares of Ouster in a research note on Friday. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.33.
Read Our Latest Research Report on Ouster
Institutional Trading of Ouster
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of Ouster during the third quarter valued at about $81,000. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after acquiring an additional 1,063 shares in the last quarter. AlphaQuest LLC boosted its stake in Ouster by 916.0% during the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after purchasing an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Ouster during the 4th quarter valued at about $154,000. Finally, SVB Wealth LLC bought a new stake in Ouster during the 4th quarter worth approximately $163,000. Institutional investors own 31.45% of the company's stock.
Ouster Stock Down 0.1 %
The stock has a market capitalization of $558.93 million, a PE ratio of -4.37 and a beta of 2.38. The firm has a 50 day moving average price of $9.42 and a 200 day moving average price of $9.03.
About Ouster
(
Get Free Report)
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.
Recommended Stories
Before you consider Ouster, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ouster wasn't on the list.
While Ouster currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
