Ouster (NYSE:OUST) Given New $11.00 Price Target at Cantor Fitzgerald

Ouster (NYSE:OUST) had its target price upped by stock analysts at Cantor Fitzgerald from $10.00 to $11.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 5.48% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Westpark Capital initiated coverage on Ouster in a report on Monday. They set a “hold” rating for the company. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday. Finally, Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.33.

Ouster Price Performance

Shares of Ouster stock traded up $2.05 on Friday, reaching $10.43. 3,208,024 shares of the company were exchanged, compared to its average volume of 1,334,968. Ouster has a 1-year low of $4.91 and a 1-year high of $16.88. The stock’s 50 day moving average price is $9.41 and its 200-day moving average price is $8.90. The company has a market cap of $519.06 million, a P/E ratio of -4.10 and a beta of 2.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its stake in shares of Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after buying an additional 1,063 shares during the period. Bank of New York Mellon Corp lifted its position in Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock worth $1,246,000 after buying an additional 1,074 shares during the period. Invesco Ltd. grew its holdings in Ouster by 7.3% in the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock valued at $251,000 after buying an additional 1,391 shares during the period. Fox Run Management L.L.C. lifted its holdings in shares of Ouster by 4.9% during the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock worth $385,000 after acquiring an additional 1,463 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ouster by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after acquiring an additional 2,542 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.