Cantor Fitzgerald has reaffirmed its neutral rating on Ouster (OUST).

Cantor Fitzgerald maintained a neutral recommendation for the company’s shares Ouster (NYSE:OUST – Free Report) in a report published on Monday, Benzinga reports. The current target price for the company’s stock is $13.00.

Many other analysts have also commented on OUST recently. Craig Hallum increased their target price on Ouster from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. 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 research note on Friday, May 10. Finally, Chardan Capital reaffirmed a neutral rating and set a $10.00 price target on shares of Ouster in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat data, the company’s consensus rating on the stock is Hold and its consensus price target is $12.10.

Read our latest research report on OUST

Ouster stock performance

Ouster shares opened at $10.90 on Monday. The company has a 50-day simple moving average of $10.20 and a 200-day simple moving average of $7.64. The company has a debt to equity ratio of 0.26, a quick ratio of 2.83 and a current ratio of 3.09. Ouster has a 1-year low of $3.67 and a 1-year high of $14.17. The company has a market capitalization of $492.95 million, a PE ratio of -1.95 and a beta of 2.47.

Ouster (NYSE:OUST – Get Free Report) last released its quarterly earnings results 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. On average, equity research analysts forecast that Ouster will post -2.34 EPS for the current fiscal year.

Confidential activity

In other news, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of $10.30 per share, for a total value of $103,000.00. Following the completion of the acquisition, the director now owns 163,089 shares of the company’s stock, valued at $1,679,816.70. The acquisition was announced in a document filed with the Securities and Exchange Commission, available at this link. In related news, CFO Mark Weinswig sold 2,535 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.14 for a total transaction of $28,239.90. Following the transaction, the CFO now owns 230,106 shares of the company’s stock, valued at $2,563,380.84. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. Additionally, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of $10.30 per share, for a total transaction amount of $103,000.00. Following the transaction, the director now directly owns 163,089 shares of the company’s stock, valued at $1,679,816.70. Information regarding this purchase can be found here. Over the last three months, insiders sold 41,934 shares of company stock worth $417,147. Insiders own 7.81% of the company’s shares.

Institutional trading rebuttal

A number of hedge funds have recently increased or decreased their holdings in OUST. Daiwa Securities Group Inc. acquired a new stake in shares of Ouster during the fourth quarter worth approximately $70,000. Psagot Value Holdings Ltd. Israel bought a new position in Ouster during the 4th quarter valued at $76,000. International Assets Investment Management LLC increased its position in Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after purchasing an additional 8,604 shares in the last quarter. Bison Wealth LLC acquired a new stake in Ouster during the fourth quarter worth approximately $79,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Ouster during the first quarter worth approximately $79,000. 31.45% of the shares are held by institutional investors and hedge funds.

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.

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