Ouster (NYSE:OUST) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Ouster (NYSE:OUST) from a neutral rating to an overweight rating in a report published on Monday, MarketBeat.com reports. The firm currently has $10.00 target price on the stock, down from their previous target price of $12.00.

Other research analysts also recently issued reports about the company. Craig Hallum lowered their target price on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Rosenblatt Securities restated a “buy” rating and set a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. Finally, Westpark Capital reiterated a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ouster presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Ouster Stock Performance

Shares of Ouster stock opened at $9.12 on Monday. The company has a market capitalization of $440.53 million, a P/E ratio of -3.55 and a beta of 2.34. Ouster has a 1 year low of $4.65 and a 1 year high of $16.88. The company’s fifty day moving average is $6.94 and its two-hundred day moving average is $9.48.

Ouster (NYSE:OUST) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. The company had revenue of $26.99 million for the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%. As a group, equities analysts expect that Ouster will post -2.4 earnings per share for the current year.

Hedge Funds Weigh In On Ouster

Institutional investors and hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster in the second quarter valued at about $27,000. Van ECK Associates Corp purchased a new position in Ouster in the second quarter valued at about $56,000. Lake Street Advisors Group LLC acquired a new stake in shares of Ouster during the 1st quarter valued at approximately $79,000. Ballentine Partners LLC purchased a new stake in shares of Ouster during the 2nd quarter worth approximately $101,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Ouster in the 3rd quarter worth approximately $67,000. 31.45% of the stock is owned by institutional investors and hedge funds.

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.