Ouster (NYSE:OUST) Rating Reiterated by Cantor Fitzgerald

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reissued by investment analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $13.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 21.72% from the company’s current price.

OUST has been the subject of a number of other research reports. Craig Hallum lifted their price objective on Ouster from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Rosenblatt Securities lifted their price objective on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Chardan Capital reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Ouster in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.10.

Ouster Stock Performance

Shares of OUST stock opened at $10.68 on Monday. The stock has a fifty day moving average price of $10.20 and a 200 day moving average price of $7.64. The stock has a market cap of $482.95 million, a PE ratio of -1.91 and a beta of 2.47. Ouster has a 1 year low of $3.67 and a 1 year high of $14.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.83 and a current ratio of 3.09.

Ouster (NYSE:OUST) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. The company had revenue of $24.44 million during the quarter. Sell-side analysts forecast that Ouster will post -2.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Ouster

In other Ouster news, CFO Mark Weinswig sold 2,535 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the sale, the chief financial officer now owns 230,106 shares in the company, valued at $2,563,380.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ouster news, CFO Mark Weinswig sold 2,535 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the sale, the chief financial officer now owns 230,106 shares in the company, valued at $2,563,380.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the sale, the general counsel now owns 163,966 shares in the company, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Insiders have sold 41,934 shares of company stock worth $417,147 over the last quarter. 7.81% of the stock is owned by corporate insiders.

Institutional Trading of Ouster

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new position in Ouster in the 3rd quarter worth approximately $200,000. Worth Venture Partners LLC bought a new position in Ouster in the 3rd quarter worth approximately $1,587,000. Citigroup Inc. grew its holdings in Ouster by 39.1% in the 3rd quarter. Citigroup Inc. now owns 34,095 shares of the company’s stock worth $172,000 after buying an additional 9,580 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Ouster in the 4th quarter worth approximately $141,000. Finally, International Assets Investment Management LLC grew its holdings in Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after buying an additional 8,604 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.