Ouster, Inc. (NYSE:OUST) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ouster, Inc. (NYSE:OUST) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.33.

A number of equities analysts recently commented on OUST shares. Westpark Capital initiated coverage on Ouster in a research note on Monday, March 17th. They set a “hold” rating for the company. Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday. Cantor Fitzgerald boosted their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th.

Ouster Stock Up 31.9 %

OUST opened at $11.05 on Friday. The company has a market capitalization of $549.97 million, a PE ratio of -4.30 and a beta of 2.38. The firm has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $8.92. Ouster has a 52 week low of $4.91 and a 52 week high of $16.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after acquiring an additional 1,063 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock worth $1,246,000 after purchasing an additional 1,074 shares during the period. Invesco Ltd. lifted its stake in Ouster by 7.3% in the fourth quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock worth $251,000 after purchasing an additional 1,391 shares during the last quarter. Fox Run Management L.L.C. boosted its position in shares of Ouster by 4.9% during the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock valued at $385,000 after buying an additional 1,463 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ouster by 10.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock valued at $321,000 after buying an additional 2,542 shares during the last quarter. 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.