Ouster (NYSE:OUST) Stock Rating Reaffirmed by Cantor Fitzgerald

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reiterated by equities research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $12.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 86.92% from the company’s previous close.

Other analysts also recently issued research reports about the company. Craig Hallum lowered their price objective on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Westpark Capital restated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Monday, August 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Ouster Stock Performance

Shares of OUST stock opened at $6.42 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. Ouster has a fifty-two week low of $3.67 and a fifty-two week high of $16.88. The stock has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $9.35. The company has a market capitalization of $310.28 million, a P/E ratio of -1.15 and a beta of 2.42.

Insider Activity at Ouster

In other news, Director Virginia Boulet acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the director now owns 163,089 shares in the company, valued at $1,679,816.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Virginia Boulet acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the director now owns 163,089 shares in the company, valued at $1,679,816.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Megan Chung sold 2,638 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total value of $29,387.32. Following the completion of the transaction, the general counsel now owns 163,351 shares of the company’s stock, valued at approximately $1,819,730.14. The disclosure for this sale can be found here. Insiders sold a total of 9,528 shares of company stock worth $104,175 over the last quarter. 7.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ouster

A number of institutional investors have recently modified their holdings of OUST. Russell Investments Group Ltd. grew its stake in shares of Ouster by 27.3% in the fourth quarter. Russell Investments Group Ltd. now owns 42,342 shares of the company’s stock worth $325,000 after acquiring an additional 9,078 shares during the last quarter. Jump Financial LLC grew its stake in shares of Ouster by 25.2% in the fourth quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock worth $201,000 after acquiring an additional 5,276 shares during the last quarter. Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Ouster in the fourth quarter worth $76,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ouster in the fourth quarter worth $4,585,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ouster in the fourth quarter worth $103,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.