Ouster (NYSE:OUST) Earns Outperform Rating from Analysts at Oppenheimer

Stock analysts at Oppenheimer initiated coverage on shares of Ouster (NYSE:OUST) in a report issued on Thursday,Benzinga reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 50.66% from the company’s previous close.

OUST has been the topic of several other research reports. Westpark Capital began coverage on Ouster in a report on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald raised their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Northland Securities initiated coverage on shares of Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Finally, Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.71.

Ouster Stock Performance

OUST opened at $10.62 on Thursday. The stock has a 50-day moving average of $9.40 and a 200-day moving average of $9.04. Ouster has a 52-week low of $5.26 and a 52-week high of $16.88. The company has a market cap of $528.57 million, a PE ratio of -4.13 and a beta of 2.38.

Institutional Trading of Ouster

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its holdings in Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after acquiring an additional 42,267 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after acquiring an additional 62,202 shares in the last quarter. Stifel Financial Corp boosted its position in Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after acquiring an additional 44,275 shares during the last quarter. State Street Corp raised its holdings in shares of Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Ouster by 6.6% in the fourth quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock valued at $968,000 after purchasing an additional 4,900 shares during the last quarter. 31.45% of the stock is owned by 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.