Brokerages Set Ouster, Inc. (NYSE:OUST) PT at $15.95

Key Points

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Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research 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 brokerages that have issued ratings on the stock in the last year is $15.9467.

Several brokerages have issued reports on OUST. Cantor Fitzgerald reissued a "neutral" rating and set a $19.00 price objective on shares of Ouster in a research report on Thursday, June 12th. Westpark Capital raised shares of Ouster from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th.

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marex Group plc purchased a new stake in Ouster during the second quarter worth about $298,000. State of Wyoming purchased a new stake in Ouster in the second quarter valued at approximately $114,000. FORA Capital LLC purchased a new stake in Ouster in the second quarter valued at approximately $1,109,000. Tower Research Capital LLC TRC grew its holdings in Ouster by 260.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the company's stock valued at $146,000 after purchasing an additional 4,366 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company's stock valued at $280,000 after purchasing an additional 599 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

Ouster Trading Up 3.1%

Shares of NYSE OUST traded up $0.93 during mid-day trading on Tuesday, reaching $30.65. The company had a trading volume of 2,824,295 shares, compared to its average volume of 2,188,252. The firm has a 50 day simple moving average of $25.60 and a two-hundred day simple moving average of $15.17. The stock has a market cap of $1.65 billion, a P/E ratio of -11.93 and a beta of 2.74. Ouster has a 52-week low of $5.84 and a 52-week high of $36.25.

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.