Ouster’s (OUST) Neutral Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Ouster (NYSE:OUST) in a research note released on Monday morning, Benzinga reports. The brokerage currently has a $13.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum raised their target price on shares of Ouster from $10.00 to $13.00 and gave the stock a buy rating in a research note on Friday, May 10th. Rosenblatt Securities lifted their target price on shares of Ouster from $12.00 to $17.00 and gave the company a buy rating in a research note on Friday, May 10th. Finally, Chardan Capital reiterated a neutral rating and issued a $10.00 price target on shares of Ouster in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ouster presently has an average rating of Hold and an average price target of $12.10.

Ouster Stock Performance

OUST opened at $13.58 on Monday. The company’s 50 day moving average is $11.70 and its 200 day moving average is $8.57. The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26. The company has a market cap of $614.16 million, a price-to-earnings ratio of -2.43 and a beta of 2.43. Ouster has a 12-month low of $3.67 and a 12-month high of $16.88.

Ouster (NYSE:OUST) last announced its earnings results on Thursday, May 9th. The company reported ($0.55) EPS for the quarter. The company had revenue of $25.94 million during the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. During the same quarter in the prior year, the company posted ($3.36) earnings per share. On average, equities research analysts predict that Ouster will post -2.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Virginia Boulet purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the purchase, the director now directly owns 163,089 shares in the company, valued at $1,679,816.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Mark Weinswig sold 7,159 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $11.72, for a total value of $83,903.48. Following the sale, the chief financial officer now owns 232,641 shares in the company, valued at $2,726,552.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Boulet acquired 10,000 shares of the stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $10.30 per share, with a total value of $103,000.00. Following the transaction, the director now directly owns 163,089 shares of the company’s stock, valued at $1,679,816.70. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 16,168 shares of company stock worth $184,264. 7.81% of the stock is owned by insiders.

Institutional Trading of Ouster

A number of large investors have recently made changes to their positions in OUST. Daiwa Securities Group Inc. purchased a new position in Ouster in the fourth quarter worth about $70,000. Psagot Value Holdings Ltd. Israel bought a new stake in shares of Ouster in the 4th quarter valued at approximately $76,000. International Assets Investment Management LLC boosted its holdings in shares of Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after purchasing an additional 8,604 shares during the period. Bison Wealth LLC bought a new position in shares of Ouster during the 4th quarter valued at approximately $79,000. Finally, Lake Street Advisors Group LLC purchased a new stake in Ouster during the 1st quarter valued at $79,000. 31.45% of the stock is currently owned by institutional investors.

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.