Cantor Fitzgerald Reaffirms Neutral Rating for Ouster (NYSE:OUST)

Cantor Fitzgerald reiterated their neutral rating on shares of Ouster (NYSE:OUST - Free Report) in a research report released on Thursday, MarketBeat Ratings reports. Cantor Fitzgerald currently has a $19.00 price target on the stock. Cantor Fitzgerald also issued estimates for Ouster's FY2026 earnings at ($1.28) EPS.

OUST has been the subject of a number of other research reports. Oppenheimer assumed coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective for the company. Rosenblatt Securities reiterated a "buy" rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating and set a $13.68 target price on the stock in a research note on Friday, May 9th. Finally, UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.24.

Ouster Price Performance

OUST stock traded down $1.41 on Thursday, reaching $18.07. 3,884,700 shares of the company traded hands, compared to its average volume of 1,466,390. Ouster has a one year low of $5.84 and a one year high of $20.90. The company has a market cap of $971.55 million, a P/E ratio of -7.03 and a beta of 2.48. The firm has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.08.

Insider Transactions at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.63% of the company's stock.

Hedge Funds Weigh In On Ouster

A number of institutional investors and hedge funds have recently modified their holdings of OUST. Daiwa Securities Group Inc. lifted its position in Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after purchasing an additional 1,063 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company's stock valued at $1,246,000 after purchasing an additional 1,074 shares in the last quarter. Invesco Ltd. lifted its position in Ouster by 7.3% during the fourth quarter. Invesco Ltd. now owns 20,575 shares of the company's stock valued at $251,000 after purchasing an additional 1,391 shares in the last quarter. Fox Run Management L.L.C. lifted its position in Ouster by 4.9% during the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company's stock valued at $385,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Intrua Financial LLC lifted its position in Ouster by 16.4% during the first quarter. Intrua Financial LLC now owns 13,962 shares of the company's stock valued at $125,000 after purchasing an additional 1,970 shares in the last quarter. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

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.