Ouster (NYSE:OUST) Coverage Initiated by Analysts at Westpark Capital

Stock analysts at Westpark Capital started coverage on shares of Ouster (NYSE:OUST) in a report issued on Monday,Benzinga reports. The brokerage set a “hold” rating on the stock.

OUST has been the topic of several other reports. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.17.

Ouster Stock Performance

OUST opened at $8.16 on Monday. The firm has a market cap of $406.13 million, a P/E ratio of -3.18 and a beta of 2.38. Ouster has a 52-week low of $4.75 and a 52-week high of $16.88. The business’s fifty day moving average is $9.58 and its 200-day moving average is $8.90.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently made changes to their positions in OUST. GSA Capital Partners LLP acquired a new stake in Ouster during the third quarter worth approximately $706,000. Intech Investment Management LLC acquired a new stake in Ouster during the third quarter worth approximately $81,000. Charles Schwab Investment Management Inc. grew its stake in Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after purchasing an additional 34,743 shares during the period. Centiva Capital LP acquired a new stake in Ouster during the third quarter worth approximately $167,000. Finally, Stifel Financial Corp grew its stake in Ouster by 286.7% during the third 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 period. 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.