Ouster (NYSE:OUST) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of Ouster (NYSE:OUST) in a research note released on Thursday, MarketBeat reports. The brokerage issued an outperform rating and a $16.00 price target on the stock.

Several other equities analysts have also recently issued reports on OUST. Westpark Capital began coverage on shares of Ouster in a research note on Monday, March 17th. They issued a “hold” rating for the company. Northland Securities initiated coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Cantor Fitzgerald lifted their price target on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.71.

Ouster Stock Down 4.4 %

Shares of OUST stock opened at $9.54 on Thursday. The stock has a market cap of $474.82 million, a PE ratio of -3.71 and a beta of 2.38. Ouster has a 52-week low of $5.84 and a 52-week high of $16.88. The business has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $9.09.

Insider Activity at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Ouster

Several institutional investors and hedge funds have recently modified their holdings of OUST. Intech Investment Management LLC purchased a new stake in Ouster during the third quarter worth about $81,000. Charles Schwab Investment Management Inc. increased its stake in Ouster by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after buying an additional 34,743 shares during the period. Centiva Capital LP acquired a new stake in Ouster during the 3rd quarter worth approximately $167,000. Stifel Financial Corp boosted its position in 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 buying an additional 44,275 shares during the period. Finally, State Street Corp boosted its holdings in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares during the period. Hedge funds and other 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.