Ouster (NYSE:OUST) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Ouster (NYSE:OUST) in a report issued on Monday, Benzinga reports. Rosenblatt Securities currently has a $17.00 price target on the stock.

Several other equities analysts have also commented on OUST. Craig Hallum upped their target price on Ouster from $10.00 to $13.00 and gave the company a buy rating in a research note on Friday, May 10th. Westpark Capital reaffirmed a buy rating and set a $17.00 price objective on shares of Ouster in a research note on Monday. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $13.00 target price on shares of Ouster in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $12.42.

Ouster Stock Performance

Shares of OUST opened at $7.77 on Monday. Ouster has a 1 year low of $3.67 and a 1 year high of $16.88. The company’s 50 day simple moving average is $11.53 and its 200 day simple moving average is $9.12. The company has a market capitalization of $351.40 million, a price-to-earnings ratio of -1.39 and a beta of 2.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.83 and a current ratio of 3.09.

Insider Activity

In related news, General Counsel Megan Chung sold 2,638 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $11.14, for a total value of $29,387.32. Following the transaction, the general counsel now owns 163,351 shares in the company, valued at $1,819,730.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ouster news, CFO Mark Weinswig sold 2,535 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the transaction, the chief financial officer now owns 230,106 shares in the company, valued at $2,563,380.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Megan Chung sold 2,638 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total value of $29,387.32. Following the completion of the sale, the general counsel now directly owns 163,351 shares of the company’s stock, valued at approximately $1,819,730.14. The disclosure for this sale can be found here. Insiders have sold 16,168 shares of company stock valued at $184,264 in the last three months. Corporate insiders own 7.81% of the company’s stock.

Hedge Funds Weigh In On Ouster

Several hedge funds and other institutional investors have recently bought and sold shares of OUST. Raymond James Financial Services Advisors Inc. acquired a new stake in Ouster during the 4th quarter valued at $141,000. International Assets Investment Management LLC boosted its position in Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock valued at $76,000 after buying an additional 8,604 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of Ouster during the fourth quarter valued at about $79,000. Daiwa Securities Group Inc. purchased a new stake in shares of Ouster during the fourth quarter worth about $70,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Ouster by 21.0% in the fourth quarter. New York State Common Retirement Fund now owns 601,475 shares of the company’s stock worth $4,613,000 after acquiring an additional 104,197 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.

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.