Ouster, Inc. (NYSE:OUST - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $31.77 and last traded at $31.32, with a volume of 399683 shares changing hands. The stock had previously closed at $30.65.
Wall Street Analyst Weigh In
OUST has been the topic of a number of research reports. UBS Group set a $16.00 price target on shares of Ouster in a research note on Thursday, March 27th. Westpark Capital lowered shares of Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. Finally, Oppenheimer started coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.24.
Get Our Latest Report on OUST
Ouster Trading Up 6.4%
The stock's 50-day simple moving average is $19.33 and its 200-day simple moving average is $12.66. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -11.07 and a beta of 2.75.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in OUST. Byrne Asset Management LLC bought a new stake in shares of Ouster during the 1st quarter worth approximately $39,000. FNY Investment Advisers LLC bought a new stake in shares of Ouster during the 1st quarter worth approximately $49,000. Game Plan Financial Advisors LLC lifted its holdings in shares of Ouster by 400.0% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 3,000 shares of the company's stock worth $73,000 after acquiring an additional 2,400 shares during the period. AlphaQuest LLC lifted its holdings in shares of Ouster by 27.8% during the 1st quarter. AlphaQuest LLC now owns 10,566 shares of the company's stock worth $95,000 after acquiring an additional 2,296 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ouster during the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 31.45% of the company's stock.
About Ouster
(
Get Free Report)
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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