Ouster (NYSE:OUST) Given “Buy” Rating at Rosenblatt Securities

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

Several other brokerages also recently issued reports on OUST. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Westpark Capital initiated coverage on shares of Ouster in a research report on Monday, March 17th. They issued a “hold” rating on the stock. Finally, Northland Securities began coverage on shares of Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price objective for the company. 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 MarketBeat, Ouster currently has an average rating of “Moderate Buy” and an average price target of $13.33.

Ouster Stock Up 31.9 %

Shares of NYSE:OUST opened at $11.05 on Friday. The company has a market cap of $549.97 million, a price-to-earnings ratio of -4.30 and a beta of 2.38. The business has a 50 day moving average price of $9.40 and a 200 day moving average price of $8.92. Ouster has a twelve month low of $4.91 and a twelve month high of $16.88.

Hedge Funds Weigh In On Ouster

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in Ouster in the third quarter worth about $81,000. Daiwa Securities Group Inc. lifted its position in shares of 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 buying an additional 1,063 shares during the period. AlphaQuest LLC boosted its stake in Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after buying an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Ouster in the fourth quarter valued at $154,000. Finally, SVB Wealth LLC acquired a new position in Ouster during the fourth quarter worth $163,000. 31.45% of the stock is owned by 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.