Ouster (NYSE:OUST) Shares Gap Down – Here’s What Happened

Ouster, Inc. (NYSE:OUST)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.24, but opened at $10.92. Ouster shares last traded at $10.91, with a volume of 366,427 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OUST. Westpark Capital assumed coverage on shares of Ouster in a research note on Monday, March 17th. They set a “hold” rating for the company. Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald upped their target price on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Ouster Stock Down 2.5 %

The firm has a market cap of $545.44 million, a price-to-earnings ratio of -4.26 and a beta of 2.38. The business’s 50-day simple moving average is $9.41 and its two-hundred day simple moving average is $8.99.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of OUST. Intech Investment Management LLC purchased a new position in shares of Ouster during the 3rd quarter valued at approximately $81,000. Charles Schwab Investment Management Inc. grew its position in shares of Ouster by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the period. Centiva Capital LP purchased a new stake in shares of Ouster during the third quarter worth about $167,000. Stifel Financial Corp raised its position in shares of Ouster by 286.7% during the 3rd 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. Finally, State Street Corp lifted its stake in Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares in the last quarter. Hedge funds and other institutional investors 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.