Daiwa Securities Group Inc. Reduces Position in Ouster, Inc. (NYSE:OUST)

Daiwa Securities Group Inc. reduced its holdings in Ouster, Inc. (NYSE:OUST) by 28.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,157 shares of the company’s stock after selling 2,438 shares during the period. Daiwa Securities Group Inc.’s holdings in Ouster were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AIGH Capital Management LLC boosted its holdings in shares of Ouster by 44.2% during the 4th quarter. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock worth $14,244,000 after purchasing an additional 569,121 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in Ouster in the 1st quarter valued at $1,698,000. Vanguard Group Inc. increased its stake in shares of Ouster by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after acquiring an additional 164,360 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Ouster during the 2nd quarter worth $1,305,000. Finally, SG Americas Securities LLC boosted its position in shares of Ouster by 783.0% during the 2nd quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock valued at $974,000 after acquiring an additional 87,844 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Price Performance

Ouster stock opened at $6.29 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. The firm has a 50 day moving average price of $9.99 and a 200 day moving average price of $9.43. Ouster, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $16.88. The company has a market capitalization of $284.24 million, a PE ratio of -1.13 and a beta of 2.37.

Ouster (NYSE:OUST) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. The firm had revenue of $26.99 million during the quarter. Research analysts expect that Ouster, Inc. will post -2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OUST shares. Craig Hallum reduced their target price on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Westpark Capital reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Monday, August 12th. Cantor Fitzgerald reissued a “neutral” rating and set a $12.00 target price on shares of Ouster in a research note on Monday, September 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.40.

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.