Ouster (NYSE:OUST) Rating Reiterated by Cantor Fitzgerald

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reissued by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $12.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 89.27% from the company’s current price.

A number of other brokerages have also recently weighed in on OUST. Westpark Capital reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a report on Monday, August 12th. Finally, Craig Hallum dropped their target price on shares of Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.40.

Ouster Stock Performance

Ouster stock traded down $0.02 during mid-day trading on Monday, hitting $6.34. 138,298 shares of the company’s stock traded hands, compared to its average volume of 1,157,074. Ouster has a one year low of $3.67 and a one year high of $16.88. The company has a market cap of $286.73 million, a PE ratio of -1.14 and a beta of 2.37. The firm has a 50 day moving average price of $8.67 and a 200 day moving average price of $9.47. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUST) last issued its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. The company had revenue of $26.99 million during the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. On average, equities analysts forecast that Ouster will post -2.4 EPS for the current year.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 180 Wealth Advisors LLC lifted its holdings in Ouster by 26.3% during the first quarter. 180 Wealth Advisors LLC now owns 21,345 shares of the company’s stock valued at $169,000 after purchasing an additional 4,446 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Ouster in the first quarter worth approximately $1,698,000. SG Americas Securities LLC bought a new stake in Ouster in the first quarter valued at $89,000. Susquehanna Fundamental Investments LLC purchased a new position in Ouster during the first quarter valued at $111,000. Finally, Russell Investments Group Ltd. lifted its position in Ouster by 17.2% during the first quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock valued at $394,000 after buying an additional 7,269 shares during the period. Institutional investors own 31.45% of the company’s stock.

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.