Ouster (NYSE:OUST) Price Target Raised to $11.00

Ouster (NYSE:OUST) had its target price upped by Cantor Fitzgerald from $10.00 to $11.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Ouster in a research note on Friday. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Westpark Capital began coverage on Ouster in a research report on Monday, March 17th. They set a “hold” rating on the stock. Finally, Northland Securities initiated coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ouster Stock Performance

NYSE:OUST opened at $11.05 on Friday. The firm’s fifty day moving average is $9.40 and its two-hundred day moving average is $8.96. The firm has a market cap of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38. Ouster has a one year low of $4.92 and a one year high of $16.88.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Ouster by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after acquiring an additional 62,202 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Ouster by 286.7% in the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after acquiring an additional 44,275 shares during the last quarter. State Street Corp raised its position in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after acquiring an additional 37,926 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake 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.