Analysts Set Ouster, Inc. (NYSE:OUST) PT at $13.33

Shares of Ouster, Inc. (NYSE:OUST) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.33.

A number of brokerages have recently commented on OUST. Northland Securities assumed coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Cantor Fitzgerald raised their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday. Westpark Capital assumed coverage on Ouster in a research report on Monday, March 17th. They set a “hold” rating on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday.

Ouster Stock Performance

Shares of NYSE:OUST opened at $11.24 on Friday. Ouster has a 52-week low of $4.92 and a 52-week high of $16.88. The company has a market cap of $559.43 million, a P/E ratio of -4.37 and a beta of 2.38. The stock’s 50-day moving average is $9.41 and its 200-day moving average is $8.99.

Institutional Trading of Ouster

A number of large investors have recently bought and sold shares of the stock. Intech Investment Management LLC bought a new position in shares of Ouster during the third quarter valued at $81,000. Daiwa Securities Group Inc. lifted its holdings in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after purchasing an additional 1,063 shares during the last quarter. AlphaQuest LLC boosted its position in 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 buying an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Ouster during the fourth quarter worth about $154,000. Finally, SVB Wealth LLC acquired a new stake in shares of Ouster during the fourth quarter worth approximately $163,000. 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.