Westpark Capital Reiterates Buy Rating for Ouster (NYSE:OUST)

Ouster (NYSE:OUST)‘s stock had its “buy” rating restated by equities researchers at Westpark Capital in a research report issued on Monday, Benzinga reports. They presently have a $17.00 price target on the stock. Westpark Capital’s price objective indicates a potential upside of 56.25% from the stock’s current price.

A number of other brokerages have also recently issued reports on OUST. Cantor Fitzgerald reissued a “neutral” rating and issued a $13.00 target price on shares of Ouster in a report on Monday, July 22nd. Rosenblatt Securities lifted their price objective on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Craig Hallum upped 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.92.

Ouster Trading Down 0.4 %

Ouster stock opened at $10.88 on Monday. The business has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $9.14. 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 12 month low of $3.67 and a 12 month high of $16.88. The stock has a market cap of $492.05 million, a price-to-earnings ratio of -1.95 and a beta of 2.42.

Insider Activity

In related news, CFO Mark Weinswig sold 7,159 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $11.72, for a total transaction of $83,903.48. Following the transaction, the chief financial officer now owns 232,641 shares in the company, valued at approximately $2,726,552.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Virginia Boulet bought 10,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $10.30 per share, with a total value of $103,000.00. Following the purchase, the director now owns 163,089 shares of the company’s stock, valued at $1,679,816.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark Weinswig sold 7,159 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $11.72, for a total value of $83,903.48. Following the transaction, the chief financial officer now directly owns 232,641 shares in the company, valued at approximately $2,726,552.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,168 shares of company stock worth $184,264. 7.81% of the stock is owned by corporate insiders.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ouster during the 4th quarter valued at $4,585,000. AIGH Capital Management LLC increased 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 purchasing an additional 569,121 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Ouster in the first quarter valued at about $1,698,000. Vanguard Group Inc. boosted its holdings in Ouster by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after buying an additional 164,360 shares during the last quarter. Finally, Worth Venture Partners LLC increased its stake in shares of Ouster by 49.0% in the 4th quarter. Worth Venture Partners LLC now owns 469,312 shares of the company’s stock valued at $3,600,000 after acquiring an additional 154,402 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

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.