Ouster (NYSE:OUST) Rating Increased to Overweight at Cantor Fitzgerald

Ouster (NYSE:OUST) was upgraded by analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm presently has a $10.00 price target on the stock, down from their prior price target of $12.00. Cantor Fitzgerald’s target price points to a potential upside of 2.35% from the stock’s previous close.

Several other research firms have also commented on OUST. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. Westpark Capital reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Monday, August 12th. Finally, Craig Hallum decreased their price target on Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ouster presently has an average rating of “Moderate Buy” and an average price target of $13.00.

Ouster Trading Down 7.4 %

NYSE OUST opened at $9.77 on Monday. The firm has a market capitalization of $472.18 million, a price-to-earnings ratio of -3.80 and a beta of 2.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.14 and a current ratio of 3.40. Ouster has a one year low of $4.56 and a one year high of $16.88. The company’s 50 day moving average price is $6.87 and its 200 day moving average price is $9.48.

Ouster (NYSE:OUST) last issued its earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative net margin of 106.50% and a negative return on equity of 65.10%. The business had revenue of $26.99 million during the quarter. On average, sell-side analysts predict that Ouster will post -2.4 EPS for the current year.

Hedge Funds Weigh In On Ouster

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Ouster by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after acquiring an additional 34,743 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ouster during the 3rd quarter worth approximately $81,000. GSA Capital Partners LLP acquired a new stake in Ouster in the third quarter worth $706,000. Stoneridge Investment Partners LLC acquired a new stake in Ouster in the third quarter worth $67,000. Finally, Van ECK Associates Corp lifted its stake in Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares during 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.