Ouster, Inc. (NYSE:OUST) Receives $13.33 Average Price Target from Analysts

Ouster, Inc. (NYSE:OUST) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.33.

OUST has been the subject of several recent research reports. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday, March 21st. Cantor Fitzgerald boosted their price target on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Westpark Capital started coverage on Ouster in a research report on Monday, March 17th. They issued a “hold” rating for the company. Finally, 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 on the stock.

Ouster Stock Performance

Shares of NYSE:OUST opened at $10.62 on Friday. The company has a 50-day simple moving average of $9.40 and a 200-day simple moving average of $9.04. Ouster has a one year low of $5.26 and a one year high of $16.88. The stock has a market capitalization of $528.57 million, a price-to-earnings ratio of -4.13 and a beta of 2.38.

Institutional Trading of Ouster

A number of hedge funds have recently bought and sold shares of OUST. EVR Research LP purchased a new stake in Ouster in the 4th quarter valued at about $5,343,000. Trexquant Investment LP raised its position in shares of Ouster by 113.9% in the 4th quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock worth $7,362,000 after buying an additional 320,742 shares during the period. Penn Capital Management Company LLC boosted 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 valued at $13,375,000 after acquiring an additional 235,563 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Ouster in the 4th quarter valued at about $2,566,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after purchasing an additional 155,736 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

About Ouster

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.