Ouster (NYSE:OUST) Stock Rating Upgraded by Northland Capmk

Ouster (NYSE:OUST) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on OUST. Craig Hallum dropped their target price on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Northland Securities assumed coverage on Ouster in a research note on Thursday. They set an “outperform” rating and a $14.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $12.00 to $10.00 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ouster currently has a consensus rating of “Buy” and a consensus target price of $13.17.

Ouster Stock Performance

Shares of OUST opened at $9.08 on Thursday. The stock has a market capitalization of $451.92 million, a PE ratio of -3.53 and a beta of 2.50. The company has a 50 day moving average price of $8.37 and a 200-day moving average price of $9.23. Ouster has a fifty-two week low of $4.65 and a fifty-two week high of $16.88.

Insider Buying and Selling

In related news, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the sale, the chief financial officer now directly owns 198,650 shares in the company, valued at $1,732,228. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OUST. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster during the second quarter worth $27,000. Van ECK Associates Corp raised its stake in Ouster by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after acquiring an additional 1,608 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Ouster during the 3rd quarter worth about $67,000. True North Advisors LLC purchased a new stake in Ouster during the 3rd quarter valued at about $78,000. Finally, Intech Investment Management LLC acquired a new position in shares of Ouster in the third quarter valued at about $81,000. Institutional investors and hedge funds 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.