Brokerages Set Ouster, Inc. (NYSE:OUST) PT at $15.24

Ouster, Inc. (NYSE:OUST) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. 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 on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.24.

A number of analysts recently issued reports on OUST shares. Westpark Capital downgraded Ouster from a “buy” rating to a “hold” rating in a research report on Thursday, June 12th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Oppenheimer started coverage on Ouster in a research report on Thursday, March 27th. They set an “outperform” rating and a $16.00 target price for the company. UBS Group set a $16.00 target price on Ouster in a research report on Thursday, March 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th.

Hedge Funds Weigh In On Ouster

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in Ouster by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company’s stock valued at $4,489,000 after purchasing an additional 10,981 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Ouster by 30.8% during the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the company’s stock worth $380,000 after acquiring an additional 7,329 shares during the last quarter. Barclays PLC grew its stake in shares of Ouster by 22.9% during the fourth quarter. Barclays PLC now owns 70,447 shares of the company’s stock worth $861,000 after acquiring an additional 13,117 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Ouster by 14.2% during the fourth quarter. Bank of America Corp DE now owns 105,753 shares of the company’s stock worth $1,292,000 after acquiring an additional 13,145 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Ouster by 9,703.8% during the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company’s stock worth $138,000 after acquiring an additional 15,235 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Stock Down 1.1%

Shares of OUST opened at $21.40 on Monday. The company has a market cap of $1.15 billion, a PE ratio of -8.33 and a beta of 2.48. The business has a fifty day moving average of $14.21 and a 200 day moving average of $11.23. Ouster has a 52-week low of $5.84 and a 52-week high of $26.07.

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.