Chardan Capital Downgrades Ouster (OUST)

On March 24, 2023,
Chardan Capital
downgraded
their outlook for Ouster (NYSE:OUST) from Buy to Neutral.

Analyst Price Forecast Suggests 232.74% Upside

As of March 24, 2023,
the average one-year price target for Ouster is $3.01.
The forecasts range from a low of $1.52 to a high of $5.25.
The average price target represents an increase of 232.74% from its latest reported closing price of $0.90.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Ouster
is $106MM, an increase of 157.65%.

The projected annual non-GAAP EPS
is -$0.66.

What are Large Shareholders Doing?

Tao Capital Management
holds 11,253K shares

representing 6.09% ownership of the company.

No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,276K shares

representing 2.31% ownership of the company.

No change in the last quarter.

Penn Capital Management
holds 3,305K shares

representing 1.79% ownership of the company.

In it’s prior filing, the firm reported owning 2,619K shares, representing
an increase
of 20.77%.

The firm

increased

its portfolio allocation in OUST by 3.42% over the last quarter.

IWM – iShares Russell 2000 ETF
holds 3,205K shares

representing 1.73% ownership of the company.

In it’s prior filing, the firm reported owning 2,908K shares, representing
an increase
of 9.28%.

The firm

decreased

its portfolio allocation in OUST by 10.57% over the last quarter.

New York State Common Retirement Fund
holds 2,373K shares

representing 1.28% ownership of the company.

In it’s prior filing, the firm reported owning 1,908K shares, representing
an increase
of 19.60%.

The firm

increased

its portfolio allocation in OUST by 5.46% over the last quarter.

What is the Fund Sentiment?

There are 212 funds or institutions reporting positions in Ouster.

This is a decrease
of
15
owner(s) or 6.61% in the last quarter.

Average portfolio weight of all funds dedicated to OUST is 0.03%,
a decrease
of 59.41%.

Total shares owned by institutions decreased
in the last three months by 0.28% to 55,464K shares.

The put/call ratio of OUST is 0.02, indicating a

bullish
outlook.

Ouster Background Information
(This description is provided by the company.)

Ouster invented its digital lidar in 2015 and is a leading manufacturer of high-resolution digital lidar sensors used throughout the industrial automation, smart infrastructure, robotics, and automotive industries. Ouster’s sensors are reliable, compact, affordable and highly customizable, laying the foundation for digital lidar ubiquity across endless applications and industries. Already hundreds of customers have incorporated Ouster lidar sensors in current products or those in development for imminent commercial release.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.