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

Cantor Fitzgerald reiterated their neutral rating on shares of Ouster (NYSE:OUST) in a research note issued to investors on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $12.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Craig Hallum lowered their price target on Ouster from $13.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, August 14th. Westpark Capital reaffirmed a buy rating and issued a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Finally, Rosenblatt Securities reaffirmed a buy rating and issued a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $13.40.

Ouster Stock Up 2.3 %

Shares of Ouster stock opened at $6.20 on Monday. 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 has a 12 month low of $3.67 and a 12 month high of $16.88. The business has a fifty day simple moving average of $8.20 and a 200 day simple moving average of $9.47. The stock has a market cap of $280.40 million, a PE ratio of -1.11 and a beta of 2.37.

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

Institutional Investors Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ouster in the 2nd quarter valued at $27,000. The Manufacturers Life Insurance Company bought a new position in Ouster during the 2nd quarter worth $163,000. Alpha DNA Investment Management LLC bought a new position in Ouster during the 2nd quarter worth $407,000. Marshall Wace LLP raised its position in Ouster by 184.9% during the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after purchasing an additional 424,178 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Ouster by 43.5% during the 2nd quarter. XTX Topco Ltd now owns 48,475 shares of the company’s stock worth $477,000 after purchasing an additional 14,695 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.