Ouster (OUST) Neutral Rating Confirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterates neutral rating on stock Ouster (NYSE:OUST – Free Report) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a price target on the stock of $13.00.

Other stock analysts have also issued reports on the company. Craig Hallum raised their price target for Ouster from $10.00 to $13.00 and gave the stock a buy rating in a report on Friday, May 10. Rosenblatt Securities raised their price target for Ouster from $12.00 to $17.00 and gave the company a buy rating in a research report on Friday, May 10. Finally, Chardan Capital reaffirmed their neutral rating and set a $10.00 price target for shares of Ouster in a research report on Wednesday, April 3. Three analysts have rated the stock as a hold, while two have given it a buy rating. Ouster currently has an average rating of “hold” and an average price target of $12.10, according to data from MarketBeat.com.

Read our latest analysis on Ouster

Ouster stock performance

Shares of OUST opened on Monday at $9.65. The company has a current ratio of 3.09, a current ratio of 2.83 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $436.42 million, a price-to-earnings ratio of -1.73 and a beta of 2.47. The stock has a 50 day moving average of $10.67 and a 200 day moving average of $7.92. Ouster has a 12 month low of $3.67 and a 12 month high of $14.17.

Ouster (NYSE:OUST – Get Free Report) last announced its quarterly earnings data on Thursday, May 9. The company reported ($0.55) earnings per share for the quarter. Ouster had a negative net margin of 239.89% and a negative return on equity of 88.42%. The company had revenue of $25.94 million for the quarter. During the same period last year, the company posted ($3.36) earnings per share. Sell-side analysts are forecasting that Ouster will post -2.34 earnings per share for the current year.

Buying and selling insider information in Ouster

In related news, Director Virginia Boulet bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15. The shares were purchased at an average price of $12.20 per share, worth a total of $122,000.00. Following the transaction, the director now directly owns 173,089 shares of the company’s stock, valued at approximately $2,111,685.80. The purchase was disclosed in a document filed with the SEC, which is available at this link . In related news, Chief Financial Officer Mark Weinswig sold 2,535 shares of the company’s stock in a transaction that took place on Wednesday, June 12. The shares were sold at an average price of $11.14, worth a total of $28,239.90. Following the completion of the transaction, the CFO now directly owns 230,106 shares of the company’s stock, valued at approximately $2,563,380.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Additionally, Director Virginia Boulet acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were purchased at an average price of $12.20 per share, for a total value of $122,000.00. Following the completion of the acquisition, the director now owns 173,089 shares of the company’s stock, valued at $2,111,685.80. Disclosure regarding this purchase can be found here . Over the last three months, insiders have sold 16,168 shares of the company’s stock valued at $184,264. Insiders currently own 7.81% of the stock.

Institutional investors weigh in on the move

Several hedge funds have recently added to or reduced their holdings in OUST. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ouster in Q4 worth $4,585,000. AIGH Capital Management LLC increased its holdings in shares of Ouster by 44.2% in Q4. AIGH Capital Management LLC now owns 1,857,114 shares of the company’s stock worth $14,244,000 after purchasing an additional 569,121 shares in the last quarter. Worth Venture Partners LLC bought a new stake in Ouster in Q3 worth $1,587,000. Essex Investment Management Co. LLC bought a new stake in Ouster in Q1 worth $1,698,000. Finally, Vanguard Group Inc. increased its holdings in shares of Ouster by 7.6% in Q1. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock valued at $18,491,000 after purchasing an additional 164,360 shares during the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

About Ouster

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Ouster, Inc. provides lidar sensors for the automotive, industrial, robotics and smart infrastructure markets in the Americas, Asia Pacific, Europe, the Middle East and Africa. Its products include high-resolution scanning lidar sensors and solid-state lidar sensors, analog lidar sensors and software solutions.

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