Ouster (NYSE:OUST) Coverage Initiated by Analysts at Oppenheimer

Research analysts at Oppenheimer initiated coverage on shares of Ouster (NYSE:OUST) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 67.71% from the stock’s previous close.

OUST has been the subject of a number of other reports. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Friday, March 21st. Westpark Capital started coverage on Ouster in a research note on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald lifted their price objective on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Northland Securities began coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ouster currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

Ouster Trading Down 4.4 %

Shares of NYSE:OUST opened at $9.54 on Thursday. The company has a market capitalization of $474.82 million, a price-to-earnings ratio of -3.71 and a beta of 2.38. Ouster has a 12-month low of $5.84 and a 12-month high of $16.88. The business has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.07.

Insider Transactions at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is currently owned by company insiders.

Institutional Trading of Ouster

A number of large investors have recently made changes to their positions in OUST. Intech Investment Management LLC acquired a new position in Ouster during the 3rd quarter worth approximately $81,000. Daiwa Securities Group Inc. lifted its position in shares of Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Ouster in the fourth quarter valued at $154,000. Finally, SVB Wealth LLC acquired a new stake in Ouster in the fourth quarter valued at $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.