Wealth Enhancement Advisory Services LLC Invests $97,000 in Ouster, Inc. (NYSE:OUST)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,846 shares of the company's stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OUST. Daiwa Securities Group Inc. raised its stake in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after purchasing an additional 1,063 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company's stock valued at $1,246,000 after purchasing an additional 1,074 shares during the last quarter. Invesco Ltd. raised its stake in Ouster by 7.3% in the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company's stock valued at $251,000 after purchasing an additional 1,391 shares during the last quarter. Fox Run Management L.L.C. raised its stake in Ouster by 4.9% in the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company's stock valued at $385,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Ouster by 2.9% in the 1st quarter. Rhumbline Advisers now owns 81,475 shares of the company's stock valued at $732,000 after purchasing an additional 2,284 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on OUST shares. Oppenheimer started coverage on Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday, March 21st. Westpark Capital downgraded Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $19.00 target price on shares of Ouster in a research note on Thursday, June 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.24.

Ouster Stock Up 5.9%

Shares of OUST traded up $1.38 during midday trading on Monday, reaching $24.72. The company had a trading volume of 2,399,474 shares, compared to its average volume of 1,653,781. Ouster, Inc. has a 1-year low of $5.84 and a 1-year high of $26.07. The stock has a market cap of $1.33 billion, a PE ratio of -9.62 and a beta of 2.75. The firm has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $11.88.

Ouster 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.