Ouster, Inc. (NYSE:OUST) Receives Average Recommendation of “Buy” from Analysts

Ouster, Inc. (NYSE:OUST) has received a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.17.

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price for the company.

Ouster Stock Up 4.4 %

OUST stock opened at $9.88 on Friday. Ouster has a twelve month low of $4.65 and a twelve month high of $16.88. The firm has a market capitalization of $491.74 million, a PE ratio of -3.84 and a beta of 2.39. The stock has a 50-day simple moving average of $10.93 and a two-hundred day simple moving average of $9.40.

Ouster (NYSE:OUST) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.54) EPS for the quarter. The company had revenue of $28.08 million during the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%. During the same period in the previous year, the company posted ($0.89) earnings per share. On average, equities research analysts anticipate that Ouster will post -2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Charles Angus Pacala purchased 50,954 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $9.79 per share, with a total value of $498,839.66. Following the completion of the transaction, the chief executive officer now owns 769,957 shares in the company, valued at $7,537,879.03. This represents a 7.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Weinswig sold 31,397 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total transaction of $273,781.84. Following the completion of the sale, the chief financial officer now owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This trade represents a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,415 shares of company stock valued at $748,620 over the last quarter. 7.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ouster

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Ouster in the 2nd quarter valued at about $1,217,000. GSA Capital Partners LLP purchased a new stake in shares of Ouster during the 3rd quarter worth about $706,000. Geode Capital Management LLC raised its holdings in Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after purchasing an additional 62,202 shares during the period. Stifel Financial Corp grew its holdings in Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after purchasing an additional 44,275 shares during the period. Finally, Barclays PLC increased its position in shares of Ouster by 280.6% in the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after buying an additional 42,267 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

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.