Ouster (NYSE:OUST) Rating Reiterated by Rosenblatt Securities

Ouster (NYSE:OUST)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a report issued on Monday, Benzinga reports. They currently have a $17.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 56.25% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $13.00 price objective on shares of Ouster in a research note on Monday, July 22nd. Craig Hallum increased their price objective on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Westpark Capital reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ouster currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.92.

Ouster Trading Down 0.4 %

Shares of Ouster stock opened at $10.88 on Monday. The company has a market capitalization of $492.05 million, a price-to-earnings ratio of -1.95 and a beta of 2.42. The company has a quick ratio of 2.83, a current ratio of 3.09 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 firm’s 50-day moving average price is $11.70 and its two-hundred day moving average price is $9.14.

Insider Activity at Ouster

In related news, CFO Mark Weinswig sold 2,535 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $28,239.90. Following the completion of the transaction, the chief financial officer now owns 230,106 shares in the company, valued at approximately $2,563,380.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Virginia Boulet purchased 10,000 shares of the stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $10.30 per share, for a total transaction of $103,000.00. Following the acquisition, the director now owns 163,089 shares in the company, valued at $1,679,816.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Weinswig sold 2,535 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the transaction, the chief financial officer now owns 230,106 shares of the company’s stock, valued at approximately $2,563,380.84. The disclosure for this sale can be found here. Insiders sold a total of 16,168 shares of company stock worth $184,264 in the last quarter. 7.81% of the stock is owned by insiders.

Institutional Trading of Ouster

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Ouster by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after buying an additional 164,360 shares during the period. AIGH Capital Management LLC grew its position in shares of Ouster by 44.2% during the 4th quarter. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock worth $14,244,000 after buying an additional 569,121 shares during the period. New York State Common Retirement Fund grew its position in shares of Ouster by 21.0% during the 4th quarter. New York State Common Retirement Fund now owns 601,475 shares of the company’s stock worth $4,613,000 after buying an additional 104,197 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ouster during the 4th quarter worth approximately $4,585,000. Finally, Worth Venture Partners LLC grew its position in shares of Ouster by 49.0% during the 4th quarter. Worth Venture Partners LLC now owns 469,312 shares of the company’s stock worth $3,600,000 after buying an additional 154,402 shares during the period. 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.