Cantor Fitzgerald Lifts Earnings Estimates for Ouster

Ouster, Inc. (NYSE:OUST) – Research analysts at Cantor Fitzgerald boosted their FY2024 earnings per share estimates for shares of Ouster in a report issued on Monday, November 11th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings per share of ($2.20) for the year, up from their previous forecast of ($2.40). Cantor Fitzgerald currently has a “Overweight” rating and a $10.00 target price on the stock. The consensus estimate for Ouster’s current full-year earnings is ($2.20) per share.

Ouster (NYSE:OUST) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.53) earnings per share (EPS) for the quarter. The company had revenue of $26.99 million for the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%.

A number of other equities research analysts have also recently commented on OUST. Craig Hallum lowered their price target on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Westpark Capital reissued 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 set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Ouster Stock Down 3.0 %

OUST opened at $8.44 on Thursday. Ouster has a twelve month low of $4.65 and a twelve month high of $16.88. The company’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $9.47. The stock has a market cap of $407.91 million, a price-to-earnings ratio of -3.28 and a beta of 2.34.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently made changes to their positions in OUST. Barclays PLC increased its position in shares of Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after buying an additional 42,267 shares during the period. State Street Corp increased its holdings in Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after acquiring an additional 37,926 shares during the period. Stifel Financial Corp lifted its stake in Ouster by 286.7% in the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after purchasing an additional 44,275 shares in the last quarter. Centiva Capital LP purchased a new stake in Ouster in the 3rd quarter worth approximately $167,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ouster by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the period. Hedge funds and other institutional investors 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.