Ouster, Inc. (NYSE:OUST - Get Free Report)'s stock price was up 8.5% during mid-day trading on Monday 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. Ouster traded as high as $11.94 and last traded at $11.99. Approximately 1,219,856 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 1,359,401 shares. The stock had previously closed at $11.05.
OUST has been the subject of a number of other research reports. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Westpark Capital initiated coverage on shares of Ouster in a research report on Monday, March 17th. They issued a "hold" rating for the company. Finally, Northland Securities assumed coverage on Ouster in a research note on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.71.
Get Our Latest Report on Ouster
Institutional Investors Weigh In On Ouster
Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC raised its position in Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after purchasing an additional 7,456 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Ouster during the fourth quarter valued at approximately $154,000. Intech Investment Management LLC bought a new position in shares of Ouster during the third quarter valued at approximately $81,000. Finally, SVB Wealth LLC purchased a new stake in shares of Ouster in the fourth quarter worth approximately $163,000. 31.45% of the stock is owned by institutional investors.
Ouster Trading Down 6.1 %
The stock has a 50 day moving average of $9.38 and a 200-day moving average of $9.05. The stock has a market capitalization of $466.55 million, a P/E ratio of -3.64 and a beta of 2.38.
About Ouster
(
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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.
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