Ouster (NYSE:OUST) Price Target Raised to $11.00 at Cantor Fitzgerald

Ouster (NYSE:OUST) had its price target boosted by Cantor Fitzgerald from $10.00 to $11.00 in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other analysts have also recently issued reports on OUST. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday. Northland Capmk raised Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Westpark Capital assumed coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating for the company. Finally, Northland Securities assumed coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.33.

Ouster Stock Up 31.9 %

OUST opened at $11.05 on Friday. Ouster has a 12-month low of $4.91 and a 12-month high of $16.88. The stock has a market cap of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38. The business has a 50 day moving average of $9.40 and a 200-day moving average of $8.92.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company’s stock worth $44,416,000 after acquiring an additional 155,736 shares during the period. State Street Corp increased its stake in Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after acquiring an additional 37,926 shares during the period. Penn Capital Management Company LLC increased its stake in Ouster by 27.4% during the 4th quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company’s stock worth $13,375,000 after acquiring an additional 235,563 shares during the period. Geode Capital Management LLC increased its stake in Ouster by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company’s stock worth $12,495,000 after acquiring an additional 46,867 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Ouster by 25.8% during the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock worth $9,281,000 after acquiring an additional 155,640 shares during the period. Institutional investors own 31.45% of the company’s stock.

About Ouster

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.