FY2025 EPS Estimates for Ouster Lifted by Cantor Fitzgerald

Ouster, Inc. (NYSE:OUST - Free Report) - Investment analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of Ouster in a note issued to investors on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings per share of ($1.69) for the year, up from their previous 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.

OUST has been the topic of a number of other reports. Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target on the stock in a report on Friday, May 9th. Oppenheimer initiated coverage on shares of Ouster in a report on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target for the company. UBS Group set a $16.00 price target on shares of Ouster in a report on Thursday, March 27th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $17.00 price target on shares of Ouster in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.10.

Ouster Price Performance

Shares of OUST stock traded down $0.39 on Wednesday, hitting $10.69. 323,155 shares of the stock traded hands, compared to its average volume of 1,274,877. The firm has a market cap of $574.76 million, a price-to-earnings ratio of -4.16 and a beta of 2.25. Ouster has a 52 week low of $5.84 and a 52 week high of $16.88. The firm has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $9.45.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the sale, the general counsel now directly owns 220,762 shares of the company's stock, valued at $2,481,364.88. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 9,099 shares of company stock valued at $90,460 in the last ninety days. Insiders own 7.81% of the company's stock.

Hedge Funds Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in OUST. EVR Research LP acquired a new position in Ouster during the fourth quarter worth $5,343,000. Trexquant Investment LP raised its position in Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock worth $7,362,000 after acquiring an additional 320,742 shares during the period. AQR Capital Management LLC raised its position in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company's stock valued at $2,661,000 after buying an additional 254,580 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Ouster by 27.4% in the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock worth $13,375,000 after buying an additional 235,563 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Ouster in the fourth quarter worth about $2,566,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

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.