Ouster (NYSE:OUST) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Ouster (NYSE:OUSTGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “overweight” rating on the stock.

OUST has been the topic of several other research reports. Craig Hallum decreased their price target on Ouster from $20.00 to $10.00 in a research note on Monday, January 24th. Chardan Capital began coverage on Ouster in a research note on Thursday, March 31st. They set a “buy” rating and a $7.00 price objective for the company. Finally, Citigroup decreased their target price on Ouster from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Ouster has a consensus rating of “Buy” and a consensus target price of $11.33.

OUST opened at $2.38 on Monday. Ouster has a fifty-two week low of $2.23 and a fifty-two week high of $14.99. The business has a 50-day moving average of $3.63 and a 200-day moving average of $4.38. The company has a market capitalization of $413.32 million, a PE ratio of -3.66 and a beta of 1.59.

Ouster (NYSE:OUSTGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $8.56 million during the quarter. Ouster had a negative net margin of 296.75% and a negative return on equity of 44.00%.

In related news, CFO Anna Brunelle sold 11,817 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $3.16, for a total transaction of $37,341.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darien Spencer sold 9,442 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $3.16, for a total value of $29,836.72. The disclosure for this sale can be found here.

Hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC boosted its holdings in shares of Ouster by 151.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 827,893 shares of the company’s stock valued at $4,305,000 after purchasing an additional 498,888 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Ouster in the 4th quarter valued at $73,000. Squarepoint Ops LLC bought a new position in shares of Ouster in the 3rd quarter valued at $78,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Ouster in the 4th quarter valued at $5,636,000. Finally, Scotia Capital Inc. lifted its stake in shares of Ouster by 22.7% in the 3rd quarter. Scotia Capital Inc. now owns 18,720 shares of the company’s stock valued at $137,000 after acquiring an additional 3,468 shares during the last quarter. 34.50% of the stock is currently owned by hedge funds and other institutional investors.

About Ouster (Get Rating)

Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

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