Ouster, Inc. (NYSE:OUST) Given Consensus Recommendation of "Moderate Buy" by Analysts

Ouster, Inc. (NYSE:OUST - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.24.

A number of equities research analysts recently weighed in on the company. Westpark Capital lowered Ouster from a "buy" rating to a "hold" rating in a research report on Thursday, June 12th. Oppenheimer assumed coverage on Ouster in a report on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $19.00 target price on shares of Ouster in a report on Thursday, June 12th. Finally, UBS Group set a $16.00 target price on Ouster in a report on Thursday, March 27th.

Ouster Price Performance

Ouster stock traded down $1.98 during mid-day trading on Friday, reaching $26.32. 1,819,425 shares of the company were exchanged, compared to its average volume of 2,084,825. The company has a fifty day simple moving average of $19.98 and a 200-day simple moving average of $12.83. Ouster has a 12 month low of $5.84 and a 12 month high of $31.77. The firm has a market cap of $1.42 billion, a PE ratio of -10.24 and a beta of 2.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Ouster by 5.3% during the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock worth $34,354,000 after purchasing an additional 190,885 shares during the period. Penn Capital Management Company LLC boosted its holdings in shares of Ouster by 5.6% during the first quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company's stock worth $10,387,000 after purchasing an additional 60,886 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ouster by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,022,274 shares of the company's stock worth $12,495,000 after purchasing an additional 46,867 shares during the period. Trexquant Investment LP boosted its holdings in shares of 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 purchasing an additional 320,742 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ouster by 22.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,020 shares of the company's stock worth $5,757,000 after purchasing an additional 85,355 shares during the period. Institutional investors own 31.45% of the company's stock.

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.