Ouster, Inc. (NYSE:OUST) Given Average Rating of "Buy" by Brokerages

Key Points

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Ouster, Inc. (NYSE:OUST - Get Free Report) has earned a consensus rating of "Buy" from the six research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.9467.

Several brokerages recently weighed in on OUST. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital raised Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th.

Ouster Stock Performance

Shares of OUST stock opened at $31.64 on Tuesday. Ouster has a fifty-two week low of $5.84 and a fifty-two week high of $36.25. The stock has a 50 day moving average price of $24.68 and a two-hundred day moving average price of $14.65. The company has a market capitalization of $1.70 billion, a P/E ratio of -12.31 and a beta of 2.74.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in Ouster by 2,532.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company's stock valued at $27,000 after purchasing an additional 1,089 shares during the period. Nisa Investment Advisors LLC raised its stake in Ouster by 153.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company's stock valued at $29,000 after purchasing an additional 733 shares during the period. TD Waterhouse Canada Inc. raised its stake in Ouster by 8,823.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the company's stock valued at $37,000 after purchasing an additional 1,500 shares during the period. Game Plan Financial Advisors LLC raised its stake in Ouster by 400.0% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company's stock valued at $73,000 after purchasing an additional 2,400 shares during the period. Finally, North Capital Inc. raised its stake in Ouster by 102.7% during the 2nd quarter. North Capital Inc. now owns 3,000 shares of the company's stock valued at $73,000 after purchasing an additional 1,520 shares during the period. 31.45% of the stock is owned by hedge funds and other 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.

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