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

Cantor Fitzgerald restated their neutral rating on shares of Ouster (NYSE:OUST) in a report released on Monday morning, Benzinga reports. The firm currently has a $13.00 price objective on the stock.

A number of other brokerages also recently commented on OUST. Chardan Capital reissued a neutral rating and issued a $10.00 target price on shares of Ouster in a research note on Wednesday, April 3rd. Craig Hallum boosted their price objective on Ouster from $10.00 to $13.00 and gave the stock a buy rating in a research note on Friday, May 10th. Finally, Rosenblatt Securities increased their target price on Ouster from $12.00 to $17.00 and gave the company a buy rating in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Ouster presently has an average rating of Hold and a consensus target price of $12.10.

Ouster Price Performance

OUST stock opened at $9.70 on Monday. The company has a market cap of $438.63 million, a PE ratio of -1.74 and a beta of 2.43. The company has a current ratio of 3.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $7.96. Ouster has a 12-month low of $3.67 and a 12-month high of $14.17.

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

Insiders Place Their Bets

In related news, CFO Mark Weinswig sold 7,159 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $11.72, for a total value of $83,903.48. Following the completion of the transaction, the chief financial officer now owns 232,641 shares of the company’s stock, valued at $2,726,552.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark Weinswig sold 7,159 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $11.72, for a total transaction of $83,903.48. Following the completion of the transaction, the chief financial officer now directly owns 232,641 shares in the company, valued at approximately $2,726,552.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Virginia Boulet bought 10,000 shares of Ouster stock in a transaction dated 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 completion of the purchase, the director now owns 173,089 shares in the company, valued at approximately $2,111,685.80. The disclosure for this purchase can be found here. Insiders have sold 16,168 shares of company stock worth $184,264 in the last quarter. 7.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ouster

Several institutional investors and hedge funds have recently made changes to their positions in the business. 180 Wealth Advisors LLC lifted its stake in Ouster by 28.4% during the fourth quarter. 180 Wealth Advisors LLC now owns 16,899 shares of the company’s stock worth $121,000 after purchasing an additional 3,737 shares during the last quarter. Jump Financial LLC lifted its stake in Ouster by 25.2% during the fourth quarter. Jump Financial LLC now owns 26,217 shares of the company’s stock worth $201,000 after purchasing an additional 5,276 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Ouster by 17.2% during the first quarter. Russell Investments Group Ltd. now owns 49,611 shares of the company’s stock worth $394,000 after purchasing an additional 7,269 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Ouster by 667.0% during the fourth quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after purchasing an additional 8,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Ouster during the fourth quarter worth $70,000. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.