Cantor Fitzgerald Reiterates “Neutral” Rating for Ouster (NYSE:OUST)

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reiterated by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $12.00 price target on the stock. Cantor Fitzgerald’s target price points to a potential upside of 98.18% from the company’s current price.

Several other equities research analysts have also commented on OUST. Craig Hallum lowered their price objective on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Westpark Capital restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Monday, August 12th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.40.

Ouster Price Performance

Shares of NYSE OUST opened at $6.06 on Monday. The business’s 50 day moving average price is $8.34 and its 200 day moving average price is $9.49. The firm has a market cap of $273.84 million, a P/E ratio of -1.09 and a beta of 2.37. Ouster has a 52 week low of $3.67 and a 52 week high of $16.88. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUST) last issued its earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. The firm had revenue of $26.99 million during the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. On average, sell-side analysts expect that Ouster will post -2.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. 180 Wealth Advisors LLC raised its position in shares of Ouster by 8.5% during the 2nd quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock worth $228,000 after purchasing an additional 1,823 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ouster during the 2nd quarter worth about $27,000. Van ECK Associates Corp acquired a new position in shares of Ouster during the 2nd quarter worth about $56,000. Russell Investments Group Ltd. raised its position in shares of Ouster by 17.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock worth $394,000 after purchasing an additional 7,269 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in Ouster during the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.