Brokerages Set Ouster, Inc. (NYSE:OUST) PT at $14.10

Shares of Ouster, Inc. (NYSE:OUST) have been given an average rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.10.

Several research firms recently weighed in on OUST. UBS Group set a $16.00 target price on shares of Ouster in a research note on Thursday, March 27th. Cantor Fitzgerald increased their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Oppenheimer began coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an “outperform” rating and a $16.00 target price for the company. Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price for the company in a research note on Friday, May 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, March 21st.

Ouster Stock Performance

NYSE OUST opened at $11.41 on Friday. The firm has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $9.35. Ouster has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a market cap of $613.47 million, a PE ratio of -4.44 and a beta of 2.25.

Insider Transactions at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 9,099 shares of company stock valued at $90,460. Corporate insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Ouster by 5.3% in the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company’s stock valued at $34,354,000 after purchasing an additional 190,885 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in shares of Ouster by 27.4% in the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock valued at $13,375,000 after purchasing an additional 235,563 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ouster by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock valued at $12,495,000 after purchasing an additional 46,867 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Ouster by 25.8% in the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock valued at $9,281,000 after purchasing an additional 155,640 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Ouster by 113.9% in the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company’s stock valued at $7,362,000 after purchasing an additional 320,742 shares in the last quarter. 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.