Rosenblatt Securities Reiterates Buy Rating for Ouster (NYSE:OUST)

Ouster (NYSE:OUST)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a report released on Friday,Benzinga reports. They presently have a $17.00 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 53.85% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Westpark Capital initiated coverage on shares of Ouster in a research report on Monday, March 17th. They issued a “hold” rating for the company. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Northland Securities initiated coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ouster Price Performance

Shares of NYSE OUST opened at $11.05 on Friday. Ouster has a 12-month low of $4.92 and a 12-month high of $16.88. The company has a market capitalization of $549.97 million, a PE ratio of -4.30 and a beta of 2.38. The firm’s 50-day moving average is $9.40 and its two-hundred day moving average is $8.94.

Hedge Funds Weigh In On Ouster

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after purchasing an additional 42,267 shares during the last quarter. Geode Capital Management LLC increased its position in Ouster by 6.8% during the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after purchasing an additional 62,202 shares during the last quarter. Stifel Financial Corp increased its position in Ouster by 286.7% during the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after purchasing an additional 44,275 shares during the last quarter. State Street Corp increased its position in Ouster by 2.4% during the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after purchasing an additional 37,926 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Ouster by 6.6% during the fourth quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock worth $968,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.