Ouster (NYSE:OUST) Price Target Raised to $11.00 at Cantor Fitzgerald

Ouster (NYSE:OUST) had its target price boosted by Cantor Fitzgerald from $10.00 to $11.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also 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 on the stock. Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price target on shares of Ouster in a research note on Friday. Finally, Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Ouster Stock Performance

Shares of OUST opened at $11.05 on Friday. Ouster has a fifty-two week low of $4.92 and a fifty-two week high of $16.88. The firm has a 50-day simple moving average of $9.40 and a 200-day simple moving average of $8.96. The company has a market capitalization of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38.

Institutional Trading of Ouster

Institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of Ouster during the 3rd quarter worth $81,000. Daiwa Securities Group Inc. raised its position in Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after acquiring an additional 1,063 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Ouster in the fourth quarter valued at approximately $154,000. Finally, SVB Wealth LLC purchased a new position in shares of Ouster during the 4th quarter worth approximately $163,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.