Ouster’s (OUST) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Ouster (NYSE:OUST) in a research report released on Tuesday, Benzinga reports. The firm currently has a $12.00 price target on the stock.

OUST has been the topic of several other reports. Westpark Capital reiterated a buy rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Rosenblatt Securities reiterated a buy rating and issued a $17.00 price target on shares of Ouster in a research report on Monday, August 12th. Finally, Craig Hallum decreased their price target on shares of Ouster from $13.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $13.40.

Ouster Stock Down 2.6 %

Shares of Ouster stock opened at $6.25 on Tuesday. The company has a market cap of $282.66 million, a price-to-earnings ratio of -1.12 and a beta of 2.37. The company’s 50 day moving average is $10.59 and its 200 day moving average is $9.33. Ouster has a twelve month low of $3.67 and a twelve month high of $16.88. The company has a quick ratio of 3.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.26.

Ouster (NYSE:OUST) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.53) earnings per share for the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. The business had revenue of $26.99 million during the quarter. Research analysts anticipate that Ouster will post -2.4 EPS for the current year.

Insider Transactions at Ouster

In other news, CFO Mark Weinswig sold 2,535 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $28,239.90. Following the completion of the sale, the chief financial officer now directly owns 230,106 shares of the company’s stock, valued at $2,563,380.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ouster news, CFO Mark Weinswig sold 2,535 shares of Ouster stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $28,239.90. Following the completion of the transaction, the chief financial officer now directly owns 230,106 shares of the company’s stock, valued at approximately $2,563,380.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $10.30 per share, with a total value of $103,000.00. Following the completion of the purchase, the director now directly owns 163,089 shares in the company, valued at $1,679,816.70. The disclosure for this purchase can be found here. Insiders sold a total of 9,528 shares of company stock valued at $104,175 over the last three months. Corporate insiders own 7.81% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ouster in the 4th quarter worth about $4,585,000. AIGH Capital Management LLC lifted its holdings in shares of Ouster by 44.2% in the 4th quarter. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock worth $14,244,000 after acquiring an additional 569,121 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after acquiring an additional 424,178 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Ouster in the 1st quarter worth about $1,698,000. Finally, Vanguard Group Inc. lifted its holdings in Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock valued at $18,491,000 after buying an additional 164,360 shares in the last quarter. 31.45% of the stock is 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.