Ouster (NYSE:OUST) Now Covered by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of Ouster (NYSE:OUST) in a research report released on Thursday, Marketbeat Ratings reports. The firm issued an outperform rating and a $16.00 price target on the stock.

A number of other equities research analysts also recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Cantor Fitzgerald raised their price target on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Westpark Capital assumed coverage on shares of Ouster in a research note on Monday, March 17th. They issued a “hold” rating on the stock. Finally, Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

Ouster Price Performance

NYSE OUST opened at $9.98 on Thursday. The company’s 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $9.05. Ouster has a 1 year low of $5.84 and a 1 year high of $16.88. The stock has a market capitalization of $496.71 million, a PE ratio of -3.88 and a beta of 2.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Ouster by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock valued at $44,416,000 after purchasing an additional 155,736 shares in the last quarter. State Street Corp lifted its stake in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after purchasing an additional 37,926 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in Ouster by 27.4% in the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after purchasing an additional 235,563 shares during the last quarter. Geode Capital Management LLC boosted its position in Ouster by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock valued at $12,495,000 after buying an additional 46,867 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Ouster by 25.8% during the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock valued at $9,281,000 after buying an additional 155,640 shares during the last quarter. 31.45% of the stock is currently owned by 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.