Cantor Fitzgerald Reaffirms Neutral Rating for Ouster (NYSE:OUST)

Ouster (NYSE:OUST)‘s stock had its “neutral” rating restated by equities researchers at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They presently have a $12.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 99.00% from the company’s previous close.

OUST has been the topic of a number of other reports. Westpark Capital reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research note on Monday, August 12th. Craig Hallum lowered their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Ouster Stock Down 0.5 %

Shares of OUST traded down $0.03 during trading hours on Monday, reaching $6.03. 197,625 shares of the stock traded hands, compared to its average volume of 1,165,229. Ouster has a 52 week low of $3.67 and a 52 week high of $16.88. The company has a current ratio of 3.40, a quick ratio of 3.14 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $9.58 and a 200 day simple moving average of $9.44. The company has a market cap of $272.71 million, a price-to-earnings ratio of -1.08 and a beta of 2.37.

Ouster (NYSE:OUST) last announced its earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. The business had revenue of $26.99 million during the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. On average, equities analysts forecast that Ouster will post -2.4 EPS for the current year.

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently modified their holdings of the business. 180 Wealth Advisors LLC grew its stake in Ouster by 8.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock valued at $228,000 after buying an additional 1,823 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ouster in the second quarter valued at $27,000. Jump Financial LLC raised its stake in shares of Ouster by 25.2% during the 4th quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock valued at $201,000 after purchasing an additional 5,276 shares during the period. Van ECK Associates Corp purchased a new stake in Ouster during the 2nd quarter worth about $56,000. Finally, Russell Investments Group Ltd. lifted its holdings in Ouster by 17.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock worth $394,000 after purchasing an additional 7,269 shares in the last quarter. 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.