FY2025 EPS Estimates for Ouster Raised by Cantor Fitzgerald

Ouster, Inc. (NYSE:OUST - Free Report) - Stock analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for Ouster in a research note issued to investors on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.69) per share for the year, up from their prior forecast of ($1.87). Cantor Fitzgerald currently has a "Overweight" rating and a $11.00 target price on the stock. The consensus estimate for Ouster's current full-year earnings is ($2.20) per share.

Several other research firms have also recently issued reports on OUST. Oppenheimer began coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 target price for the company. UBS Group set a $16.00 price target on Ouster in a research note on Thursday, March 27th. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target on the stock in a research report on Friday, May 9th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.10.

Ouster Trading Down 0.5%

Shares of OUST stock opened at $11.41 on Wednesday. Ouster has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a 50 day moving average of $8.23 and a 200 day moving average of $9.35. The stock has a market cap of $613.47 million, a P/E ratio of -4.44 and a beta of 2.25.

Insider Activity at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ouster

A number of hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. grew its position in Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after acquiring an additional 1,063 shares during the period. Bank of New York Mellon Corp boosted its stake in Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company's stock worth $1,246,000 after buying an additional 1,074 shares during the period. Invesco Ltd. raised its stake in shares of 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 acquiring an additional 1,391 shares during the period. Fox Run Management L.L.C. boosted its position in shares of Ouster by 4.9% during the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company's stock worth $385,000 after purchasing an additional 1,463 shares during the period. Finally, Rhumbline Advisers increased its holdings 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. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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