Ouster (NYSE:OUST) Stock Rating Lowered by Cantor Fitzgerald

Ouster (NYSE:OUSTGet Free Report) was downgraded by equities research analysts at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $13.00 price target on the stock, up from their previous price target of $8.00. Cantor Fitzgerald’s price objective suggests a potential upside of 15.45% from the company’s previous close.

OUST has been the subject of several other reports. Craig Hallum raised their price target 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 raised their price objective on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Chardan Capital reiterated a “neutral” rating and issued a $10.00 target price on shares of Ouster in a research note on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.10.

Check Out Our Latest Stock Report on OUST

Ouster Stock Down 2.1 %

Ouster stock opened at $11.26 on Wednesday. Ouster has a twelve month low of $3.67 and a twelve month high of $14.17. The company has a quick ratio of 2.83, a current ratio of 3.09 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $8.74 and a 200-day moving average of $6.84. The stock has a market capitalization of $509.18 million, a PE ratio of -2.02 and a beta of 2.40.

Ouster (NYSE:OUSTGet Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share (EPS) for the quarter. The firm had revenue of $24.44 million during the quarter. Ouster had a negative net margin of 239.89% and a negative return on equity of 88.42%. On average, equities research analysts anticipate that Ouster will post -3.54 EPS for the current fiscal year.

Insider Activity

In other Ouster news, Director Virginia Boulet bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $12.20 per share, for a total transaction of $122,000.00. Following the transaction, the director now directly owns 173,089 shares in the company, valued at $2,111,685.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Ouster news, Director Virginia Boulet purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $12.20 per share, with a total value of $122,000.00. Following the completion of the purchase, the director now owns 173,089 shares in the company, valued at $2,111,685.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mark Weinswig sold 19,990 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the transaction, the chief financial officer now directly owns 236,800 shares in the company, valued at $2,214,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,986 shares of company stock worth $290,359. Corporate insiders own 6.00% of the company’s stock.

Institutional Trading of Ouster

Several hedge funds have recently made changes to their positions in OUST. 180 Wealth Advisors LLC raised its position in shares of Ouster by 28.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 16,899 shares of the company’s stock valued at $121,000 after purchasing an additional 3,737 shares during the period. Jump Financial LLC boosted its holdings in Ouster by 25.2% in 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. Russell Investments Group Ltd. grew its position in shares of Ouster by 17.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock valued at $394,000 after purchasing an additional 7,269 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Ouster by 667.0% in the fourth 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. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Ouster in the fourth quarter worth $70,000. 31.45% of the stock is currently owned by institutional investors.

Ouster Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Ouster (NYSE:OUST)

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