Ouster (NYSE:OUST) Sets New 1-Year High - What's Next?

Ouster, Inc. (NYSE:OUST - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $25.21 and last traded at $24.17, with a volume of 509213 shares changing hands. The stock had previously closed at $23.53.

Analyst Upgrades and Downgrades

A number of analysts have commented on OUST shares. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $19.00 target price on shares of Ouster in a report on Thursday, June 12th. Westpark Capital cut Ouster from a "buy" rating to a "hold" rating in a report on Thursday, June 12th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Oppenheimer initiated coverage on shares of Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, UBS Group set a $16.00 target price on shares of Ouster in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ouster presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.24.

Ouster Stock Up 3.6%

The company's fifty day moving average price is $12.56 and its two-hundred day moving average price is $10.75. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -9.47 and a beta of 2.48.

Institutional Trading of Ouster

Several hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Ouster during the first quarter worth about $39,000. FNY Investment Advisers LLC bought a new stake in Ouster in the 1st quarter valued at approximately $49,000. Daiwa Securities Group Inc. boosted its position in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after acquiring an additional 1,063 shares during the last quarter. AlphaQuest LLC grew its stake 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position 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.

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.

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