Westpark Capital Begins Coverage on Ouster (NYSE:OUST)

Westpark Capital initiated coverage on shares of Ouster (NYSE:OUST) in a research report released on Monday,Benzinga reports. The firm issued a hold rating on the stock.

Several other research analysts have also recently issued reports on the stock. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Ouster Stock Performance

Shares of Ouster stock opened at $8.51 on Monday. Ouster has a one year low of $4.68 and a one year high of $16.88. The company has a market cap of $423.55 million, a P/E ratio of -3.31 and a beta of 2.38. The firm has a fifty day moving average of $9.71 and a two-hundred day moving average of $8.90.

Institutional Trading of Ouster

A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in shares of Ouster in the third quarter valued at $81,000. Daiwa Securities Group Inc. increased its holdings in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after acquiring an additional 1,063 shares in the last quarter. AlphaQuest LLC raised its position in Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after acquiring an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Ouster in the fourth quarter valued at about $154,000. Finally, SVB Wealth LLC acquired a new stake in shares of Ouster in the fourth quarter valued at approximately $163,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.