Ouster (NYSE:OUST) Coverage Initiated by Analysts at Westpark Capital

Westpark Capital assumed coverage on shares of Ouster (NYSE:OUST) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued a hold rating on the stock.

A number of other equities analysts also recently weighed in on OUST. Northland Securities started coverage on shares of Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price for the company. Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.17.

Ouster Price Performance

Shares of NYSE OUST opened at $8.30 on Monday. The company has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $8.90. The firm has a market cap of $413.10 million, a PE ratio of -3.23 and a beta of 2.38. Ouster has a 1 year low of $4.79 and a 1 year high of $16.88.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in shares of Ouster in the 3rd quarter valued at about $706,000. Intech Investment Management LLC bought a new stake in Ouster in the third quarter valued at approximately $81,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock valued at $2,245,000 after purchasing an additional 34,743 shares during the period. Centiva Capital LP bought a new position in shares of Ouster in the third quarter worth approximately $167,000. Finally, Stifel Financial Corp increased its stake in shares of Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after buying an additional 44,275 shares during the period. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Company Profile

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.