Ouster (NYSE:OUST) Now Covered by Analysts at Westpark Capital

Westpark Capital began coverage on shares of Ouster (NYSE:OUST) in a report released on Monday,Benzinga reports. The firm set a “hold” rating on the stock.

Several other research firms have also issued reports on OUST. Northland Securities assumed coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ouster has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

Ouster Stock Performance

OUST stock opened at $7.97 on Monday. The business’s 50-day moving average is $9.84 and its two-hundred day moving average is $8.89. Ouster has a fifty-two week low of $4.68 and a fifty-two week high of $16.88. The company has a market cap of $396.67 million, a price-to-earnings ratio of -3.10 and a beta of 2.38.

Institutional Investors Weigh In On Ouster

Hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its holdings in shares of Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC increased its stake in Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock worth $101,000 after acquiring an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in Ouster during the fourth quarter valued at approximately $154,000. Intech Investment Management LLC purchased a new position in shares of Ouster in the 3rd quarter worth approximately $81,000. Finally, SVB Wealth LLC bought a new position in shares of Ouster during the 4th quarter valued at approximately $163,000. 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.