Cantor Fitzgerald Reaffirms Neutral Rating for Ouster (NYSE:OUST)

Cantor Fitzgerald reaffirmed their neutral rating on shares of Ouster (NYSE:OUST) in a report published on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $12.00 target price on the stock.

OUST has been the topic of several other research reports. Rosenblatt Securities reissued a buy rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Craig Hallum dropped their target price on shares of Ouster from $13.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, August 14th. Finally, Westpark Capital reissued a buy rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ouster has an average rating of Moderate Buy and a consensus price target of $13.40.

Ouster Stock Performance

Shares of Ouster stock opened at $6.20 on Monday. The company has a current ratio of 3.40, a quick ratio of 3.14 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $8.20 and a two-hundred day moving average price of $9.47. The company has a market cap of $280.40 million, a P/E ratio of -1.11 and a beta of 2.37. Ouster has a 1-year low of $3.67 and a 1-year high of $16.88.

Ouster (NYSE:OUST) last issued its earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. The firm had revenue of $26.99 million during the quarter. Ouster had a negative net margin of 122.32% and a negative return on equity of 68.48%. As a group, analysts anticipate that Ouster will post -2.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ouster by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock valued at $18,491,000 after buying an additional 164,360 shares in the last quarter. Marshall Wace LLP grew its position in shares of Ouster by 184.9% during the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock valued at $6,424,000 after purchasing an additional 424,178 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Ouster during the 1st quarter valued at $1,698,000. Bank of New York Mellon Corp purchased a new position in shares of Ouster during the 2nd quarter valued at $1,305,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Ouster during the 2nd quarter valued at $1,217,000. 31.45% of the stock is currently owned by hedge funds and other 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.