Ouster, Inc. (NASDAQ:OUST) Receives Consensus Rating of “Moderate Buy” from Analysts

Ouster, Inc. (NASDAQ:OUST) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.6667.

A number of research analysts recently commented on OUST shares. Rosenblatt Securities increased their target price on Ouster from $40.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Oppenheimer reaffirmed an “outperform” rating and set a $57.00 price target (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Citigroup reiterated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Northland Securities set a $60.00 price objective on Ouster and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings began coverage on Ouster in a report on Friday, May 15th. They set a “sell (d-)” rating on the stock.

Ouster Price Performance

OUST stock opened at $39.01 on Friday. The firm has a 50 day simple moving average of $42.56 and a two-hundred day simple moving average of $30.03. The stock has a market cap of $2.45 billion, a PE ratio of -40.22 and a beta of 3.17. Ouster has a one year low of $16.40 and a one year high of $63.79.

Ouster (NASDAQ:OUST) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.16). Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. The company had revenue of $48.58 million for the quarter, compared to analysts’ expectations of $46.15 million. During the same quarter last year, the business posted ($0.42) EPS. On average, research analysts expect that Ouster will post -1.03 EPS for the current fiscal year.

Insider Buying and Selling at Ouster

In other news, CFO Kenneth P. Gianella sold 54,337 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $38.82, for a total value of $2,109,362.34. Following the completion of the sale, the chief financial officer directly owned 301,014 shares in the company, valued at approximately $11,685,363.48. The trade was a 15.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Mark Frichtl sold 308,742 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the completion of the sale, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This trade represents a 51.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 749,354 shares of company stock valued at $28,542,907. 5.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ouster

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position in Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after buying an additional 525 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of Ouster by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock valued at $1,186,000 after buying an additional 560 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Ouster by 5.5% in the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after buying an additional 599 shares during the period. Prosperity Wealth Management Inc. increased its holdings in shares of Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after buying an additional 675 shares during the period. Finally, Creative Planning lifted its stake in shares of Ouster by 1.6% in the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after acquiring an additional 677 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.