Ouster (NYSE:OUST) Rating Reiterated by Cantor Fitzgerald

Ouster (NYSE:OUST)‘s stock had its “neutral” rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They presently have a $13.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential downside of 8.39% from the stock’s previous close.

OUST has been the topic of a number of other reports. Rosenblatt Securities lifted their price target on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Craig Hallum boosted their target price on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Chardan Capital reissued a “neutral” rating and set a $10.00 price target on shares of Ouster in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Ouster has a consensus rating of “Hold” and a consensus target price of $12.10.

Ouster Stock Up 1.1 %

Shares of OUST stock traded up $0.15 on Monday, hitting $14.19. The stock had a trading volume of 893,673 shares, compared to its average volume of 1,171,563. 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 has a one year low of $3.67 and a one year high of $16.88. The business has a 50 day moving average price of $11.58 and a 200 day moving average price of $8.43. The company has a market cap of $641.67 million, a PE ratio of -2.54 and a beta of 2.43.

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

Insider Transactions at Ouster

In related news, COO Darien Spencer sold 3,836 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $42,733.04. Following the completion of the transaction, the chief operating officer now directly owns 309,967 shares of the company’s stock, valued at approximately $3,453,032.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Darien Spencer sold 3,836 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total transaction of $42,733.04. Following the sale, the chief operating officer now directly owns 309,967 shares of the company’s stock, valued at $3,453,032.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Virginia Boulet bought 10,000 shares of Ouster stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $12.20 per share, with a total value of $122,000.00. Following the purchase, the director now directly owns 173,089 shares in the company, valued at $2,111,685.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 16,168 shares of company stock worth $184,264. Insiders own 7.81% of the company’s stock.

Institutional Investors Weigh In On Ouster

A number of large investors have recently bought and sold shares of OUST. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ouster in the 4th quarter valued at about $4,585,000. AIGH Capital Management LLC lifted its holdings in Ouster by 44.2% in the fourth quarter. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock valued at $14,244,000 after acquiring an additional 569,121 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Ouster in the 1st quarter worth approximately $1,698,000. Vanguard Group Inc. grew its stake in shares of Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after purchasing an additional 164,360 shares during the period. Finally, Worth Venture Partners LLC increased its holdings in shares of Ouster by 49.0% during the 4th quarter. Worth Venture Partners LLC now owns 469,312 shares of the company’s stock valued at $3,600,000 after purchasing an additional 154,402 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

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.