Ouster, Inc. (NYSE:OUST - Get Free Report) shares shot up 11.2% during trading on Monday . The company traded as high as $23.70 and last traded at $23.95. 1,211,060 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 1,524,086 shares. The stock had previously closed at $21.53.
Analysts Set New Price Targets
A number of research firms recently commented on OUST. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, March 21st. Oppenheimer assumed coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price target on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $19.00 price target on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital cut Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, UBS Group set a $16.00 price target on 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Ouster has an average rating of "Moderate Buy" and a consensus target price of $15.24.
Read Our Latest Stock Analysis on OUST
Ouster Price Performance
The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -9.97 and a beta of 2.48. The firm has a 50 day moving average price of $12.56 and a 200-day moving average price of $10.75.
Institutional Trading of Ouster
Hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of Ouster in the first quarter valued at $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Ouster in the first quarter valued at $49,000. Daiwa Securities Group Inc. raised its stake in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after acquiring an additional 1,063 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Ouster by 27.8% in the first quarter. AlphaQuest LLC now owns 10,566 shares of the company's stock valued at $95,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ouster in the first quarter valued at $97,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.
Ouster Company Profile
(
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.
See Also
Before you consider Ouster, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ouster wasn't on the list.
While Ouster currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
