Ouster (NYSE:OUST) PT Raised to $17.00

Ouster (NYSE:OUST) had its target price upped by stock analysts at Rosenblatt Securities from $12.00 to $17.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 21.69% from the stock’s previous close.

OUST has been the subject of a number of other reports. Craig Hallum raised their price target on shares of Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 price target on shares of Ouster in a report on Thursday, March 28th. Finally, Chardan Capital reaffirmed a “neutral” rating and set a $10.00 price target on shares of Ouster in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Ouster has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Ouster Trading Up 35.0 %

NYSE:OUST traded up $3.62 during trading hours on Friday, reaching $13.97. 2,758,355 shares of the company were exchanged, compared to its average volume of 1,122,328. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.22 and a quick ratio of 2.94. The firm has a market cap of $568.16 million, a price-to-earnings ratio of -1.26 and a beta of 2.40. Ouster has a 52-week low of $3.67 and a 52-week high of $14.17. The stock has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $6.27.

Ouster (NYSE:OUST) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. Ouster had a negative return on equity of 106.16% and a negative net margin of 449.23%. The company had revenue of $24.44 million for the quarter. As a group, analysts predict that Ouster will post -3.54 EPS for the current year.

Insider Activity

In other news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total value of $186,906.50. Following the completion of the transaction, the chief financial officer now directly owns 236,800 shares of the company’s stock, valued at approximately $2,214,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the sale, the general counsel now directly owns 163,966 shares in the company, valued at approximately $1,305,169.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Weinswig sold 19,990 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the sale, the chief financial officer now owns 236,800 shares in the company, valued at $2,214,080. The disclosure for this sale can be found here. In the last three months, insiders sold 36,986 shares of company stock valued at $290,359. Company insiders own 6.00% of the company’s stock.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. acquired a new position in shares of Ouster in the 3rd quarter worth approximately $51,000. Daiwa Securities Group Inc. acquired a new position in shares of Ouster in the 4th quarter worth approximately $70,000. International Assets Investment Management LLC grew its stake in shares of Ouster by 667.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,894 shares of the company’s stock worth $76,000 after purchasing an additional 8,604 shares during the last quarter. Psagot Value Holdings Ltd. Israel purchased a new position in shares of Ouster in the fourth quarter worth approximately $76,000. Finally, Bison Wealth LLC purchased a new position in shares of Ouster in the fourth quarter worth approximately $79,000. 31.45% of the stock is currently 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.