Ouster (NYSE:OUST) Trading Up 9.2% - What's Next?

Key Points

• Ouster's stock price surged 9.2% to $23.99 during Monday's trading, significantly lower than its average session volume, which saw a decline of 43%.
• Wall Street analysts have mixed opinions on Ouster, with ratings ranging from a "hold" by Westpark Capital to a "strong buy" from one analyst; the average price target stands at $15.24.
• Institutional investors are increasing their stakes in Ouster, with notable increases in holdings from Deutsche Bank AG and Barclays PLC during the 4th quarter.

Ouster, Inc. (NYSE:OUST - Get Free Report)'s share price shot up 9.2% during mid-day trading on Monday . The stock traded as high as $24.02 and last traded at $23.99. 1,183,878 shares traded hands during trading, a decline of 43% from the average session volume of 2,085,267 shares. The stock had previously closed at $21.98.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OUST. Westpark Capital lowered shares of Ouster from a "buy" rating to a "hold" rating in a report on Thursday, June 12th. Cantor Fitzgerald restated a "neutral" rating and set a $19.00 price objective on shares of Ouster in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.24.

Ouster Trading Up 8.7%

The stock has a market capitalization of $1.28 billion, a PE ratio of -9.30 and a beta of 2.74. The company's 50-day moving average is $21.28 and its 200 day moving average is $13.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in Ouster by 30.8% in the 4th quarter. Deutsche Bank AG now owns 31,137 shares of the company's stock worth $380,000 after buying an additional 7,329 shares during the period. Barclays PLC increased its holdings in Ouster by 22.9% in the 4th quarter. Barclays PLC now owns 70,447 shares of the company's stock worth $861,000 after buying an additional 13,117 shares during the period. Bank of America Corp DE grew its stake in shares of Ouster by 14.2% during the 4th quarter. Bank of America Corp DE now owns 105,753 shares of the company's stock worth $1,292,000 after purchasing an additional 13,145 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ouster by 9,703.8% during the 1st quarter. GAMMA Investing LLC now owns 15,392 shares of the company's stock valued at $138,000 after purchasing an additional 15,235 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ouster by 10.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,307 shares of the company's stock valued at $321,000 after purchasing an additional 2,542 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

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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