Ouster, Inc. (NYSE:OUST) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Ouster, Inc. has received a consensus recommendation of "Buy" from six analysts, with a 12-month price target averaging $15.95.
• Institutional investment in Ouster has increased, with notable stakes raised by firms like Vanguard Group and Invesco Ltd., resulting in 31.45% ownership by institutional investors.
• As of last Friday, shares of Ouster are trading at $28.95, with a market cap of $1.67 billion and notable volatility indicated by a beta of 2.75.

Shares of Ouster, Inc. (NYSE:OUST - Get Free Report) have been given an average rating of "Buy" by the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.9467.

Several analysts have recently issued reports on OUST shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $19.00 price objective on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Ouster by 5.3% in the first quarter. Vanguard Group Inc. now owns 3,825,565 shares of the company's stock valued at $34,354,000 after buying an additional 190,885 shares in the last quarter. Geode Capital Management LLC raised its stake in Ouster by 8.7% in the second quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company's stock valued at $28,876,000 after buying an additional 95,510 shares in the last quarter. Penn Capital Management Company LLC raised its stake in Ouster by 5.6% in the first quarter. Penn Capital Management Company LLC now owns 1,155,414 shares of the company's stock valued at $10,387,000 after buying an additional 60,886 shares in the last quarter. Marshall Wace LLP raised its stake in Ouster by 29.0% in the second quarter. Marshall Wace LLP now owns 687,260 shares of the company's stock valued at $16,666,000 after buying an additional 154,353 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Ouster by 1,521.8% in the second quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after buying an additional 536,413 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Trading Down 5.8%

Shares of NYSE OUST opened at $28.95 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of -11.26 and a beta of 2.75. Ouster has a 12-month low of $5.91 and a 12-month high of $36.25. The business's fifty day simple moving average is $27.60 and its 200-day simple moving average is $17.13.

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.

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