Ouster (NYSE:OUST) Downgraded to Neutral by Cantor Fitzgerald

Cantor Fitzgerald cut shares Ouster (NYSE:OUST – Free Report) from an overrated rating to a neutral rating in a research note issued to investors Wednesday morning, MarketBeat reports. Cantor Fitzgerald’s current stock price target is $13.00, up from the prior price target of $8.00.

Many other analysts have also recently published reports on OUST. Rosenblatt Securities increased their target price on shares of Ouster from $12.00 to $17.00 and issued a “buy” rating to the stock in a report on Friday, May 10. Craig Hallum increased their target price on shares of Ouster from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Chardan Capital maintained a Neutral rating and set a $10.00 price target on shares of Ouster in a report on Wednesday, April 3rd. Three analysts rated the company with a hold rating and two with a buy rating. According to MarketBeat.com, the consensus rating on the stock is Hold and the price target is $12.10.

Check out our latest research report on Ouster

Ouster stock performance

On Wednesday, NYSE:OUST traded at $11.50. The company has a quick ratio of 2.83, a current ratio of 3.09 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $520.03 million, a P/E ratio of -2.06 and a beta of 2.40. Ouster Investment has a fifty-two week low of $3.67 and a fifty-two week high of $14.17. The company’s 50-day moving average is $8.61 and its two-hundred-day moving average is $6.81.

Ouster (NYSE:OUST – Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The company observed ($0.95) EPS for the quarter. Outster had a negative return on equity of 88.42% and a negative net margin of 239.89%. The company’s revenue was $24.44 million for the quarter. Analysts expect Ouster to post -3.54 EPS for the current year.

Insiders place their bets

In other news, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $12.20 per share, for a total transaction amount of $122,000.00. Following the completion of the purchase, the director now directly owns 173,089 shares of the company’s stock, valued at approximately $2,111,685.80. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.96 for a total transaction of $45,976.96. Following the completion of the sale, General Counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, Director Virginia Boulet purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $12.20 per share for a total transaction amount of $122,000.00. Following the completion of the transaction, the director now owns 173,089 shares of the company’s stock, valued at $2,111,685.80. Information regarding this purchase can be found here. Over the last 90 days, insiders have sold a total of 36,986 shares of company stock worth $290,359. 6.00% of the shares are owned by company insiders.

Institutional trading rebuttal

A number of hedge funds have recently made changes to their positions in OUST. Raymond James & Associates purchased a new position in Ouster during the third quarter valued at $159,000. Fox Run Management LLC purchased a new position in shares of Ouster during the third quarter worth approximately $88,000. Barclays PLC acquired a new position in Outster during the third quarter worth approximately $200,000. AIGH Capital Management LLC purchased a new stake in Ouster during the 3rd quarter worth approximately $6,491,000. Finally, Worth Venture Partners LLC acquired a new stake in Ouster during the 3rd quarter valued at approximately $1,587,000. Institutional investors and hedge funds hold 31.45% of the company’s shares.

About Ouster

(Get the free report)

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics and smart infrastructure industries in the Americas, 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.

Ouster stock performance

Insiders place their bets

Institutional trading rebuttal

About Ouster

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