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

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

A number of other analysts also recently commented on the company. Cantor Fitzgerald increased their price target on Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Westpark Capital assumed coverage on Ouster in a research report on Monday, March 17th. They set a “hold” rating for the company. Northland Securities started coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, March 21st. Finally, Northland Capmk raised shares of 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, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ouster currently has an average rating of “Moderate Buy” and an average price target of $13.71.

Ouster Stock Performance

NYSE:OUST opened at $9.98 on Thursday. Ouster has a 52 week low of $5.84 and a 52 week high of $16.88. The firm has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $9.05. The firm has a market cap of $496.71 million, a price-to-earnings ratio of -3.88 and a beta of 2.38.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after purchasing an additional 1,063 shares during the period. Bank of New York Mellon Corp grew its stake in Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after buying an additional 1,074 shares in the last quarter. Invesco Ltd. raised its holdings in Ouster by 7.3% during the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock valued at $251,000 after acquiring an additional 1,391 shares during the period. Fox Run Management L.L.C. lifted its position in shares of Ouster by 4.9% during the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock worth $385,000 after acquiring an additional 1,463 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ouster by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company’s stock worth $321,000 after acquiring an additional 2,542 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

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.