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

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reaffirmed by Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $13.00 target price on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 38.15% from the stock’s previous close.

Several other brokerages also recently issued reports on OUST. Chardan Capital reissued a “neutral” rating and set a $10.00 price objective on shares of Ouster in a research note on Wednesday, April 3rd. Craig Hallum increased their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Rosenblatt Securities raised their price target on shares of Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.10.

Ouster Trading Down 2.5 %

Shares of Ouster stock opened at $9.41 on Monday. The firm has a market cap of $425.52 million, a price-to-earnings ratio of -1.69 and a beta of 2.43. Ouster has a 52-week low of $3.67 and a 52-week high of $14.17. The company’s 50-day simple moving average is $10.71 and its 200-day simple moving average is $7.94. The company has a quick ratio of 2.83, a current ratio of 3.09 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUST) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.55) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 239.89% and a negative return on equity of 88.42%. The business had revenue of $25.94 million during the quarter. During the same quarter in the previous year, the business earned ($3.36) earnings per share. As a group, equities research analysts anticipate that Ouster will post -2.34 earnings per share for the current year.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 2,638 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $29,387.32. Following the transaction, the general counsel now directly owns 163,351 shares in the company, valued at approximately $1,819,730.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $12.20 per share, with a total value of $122,000.00. Following the acquisition, the director now directly owns 173,089 shares in the company, valued at $2,111,685.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Megan Chung sold 2,638 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $29,387.32. Following the completion of the sale, the general counsel now directly owns 163,351 shares in the company, valued at approximately $1,819,730.14. The disclosure for this sale can be found here. Insiders have sold 16,168 shares of company stock worth $184,264 in the last ninety days. 7.81% of the stock is owned by insiders.

Institutional Trading of Ouster

A number of large investors have recently modified their holdings of OUST. Daiwa Securities Group Inc. acquired a new position in Ouster during the 4th quarter valued at about $70,000. Psagot Value Holdings Ltd. Israel acquired a new position in Ouster during the 4th quarter valued at about $76,000. International Assets Investment Management LLC increased its stake in Ouster by 667.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after buying an additional 8,604 shares during the period. Bison Wealth LLC acquired a new position in Ouster during the 4th quarter valued at about $79,000. Finally, Lake Street Advisors Group LLC acquired a new position 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.