Cantor Fitzgerald Upgrades Ouster (NYSE:OUST) to “Overweight”

Cantor Fitzgerald upgraded shares of Ouster (NYSE:OUST) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat.com reports. The brokerage currently has $10.00 target price on the stock, down from their prior target price of $12.00.

Other analysts also recently issued reports about the company. Westpark Capital restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Monday, August 12th. Craig Hallum decreased their price target on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ouster has an average rating of “Moderate Buy” and an average price target of $13.00.

Ouster Trading Down 6.7 %

Shares of OUST opened at $9.12 on Monday. Ouster has a 12-month low of $4.65 and a 12-month high of $16.88. The stock has a market cap of $440.53 million, a P/E ratio of -3.55 and a beta of 2.34. The company has a 50-day moving average of $6.94 and a two-hundred day moving average of $9.48.

Ouster (NYSE:OUST) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. The company had revenue of $26.99 million for the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%. As a group, analysts forecast that Ouster will post -2.4 EPS for the current fiscal year.

Institutional Trading of Ouster

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OUST. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 34,743 shares during the period. Intech Investment Management LLC acquired a new position in Ouster during the third quarter worth approximately $81,000. GSA Capital Partners LLP acquired a new position in shares of Ouster in the 3rd quarter valued at $706,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Ouster during the 3rd quarter valued at $67,000. Finally, Van ECK Associates Corp grew its stake in shares of Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 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.