Ouster, Inc. (NYSE:OUST) Given Average Rating of “Buy” by Brokerages

Shares of Ouster, Inc. (NYSE:OUST) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.10.

Several equities analysts have issued reports on the company. UBS Group set a $16.00 price target on Ouster in a research note on Thursday, March 27th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Westpark Capital upgraded shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 price target for the company in a report on Friday, May 9th. Oppenheimer initiated coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Cantor Fitzgerald increased their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st.

Insiders Place Their Bets

In related news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the transaction, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 9,099 shares of company stock valued at $90,460. Corporate insiders own 7.81% of the company’s stock.

Institutional Investors Weigh In On Ouster

Hedge funds and other institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC purchased a new stake in Ouster in the 1st quarter worth approximately $39,000. FNY Investment Advisers LLC bought a new position in shares of Ouster in the first quarter worth $49,000. Daiwa Securities Group Inc. raised its position in shares of Ouster by 18.0% in the fourth 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 in the last quarter. AlphaQuest LLC boosted its stake in Ouster by 27.8% during the first quarter. AlphaQuest LLC now owns 10,566 shares of the company’s stock valued at $95,000 after buying an additional 2,296 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Ouster during the first quarter valued at $97,000. Institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

Shares of Ouster stock opened at $11.24 on Friday. The stock’s 50-day moving average is $8.37 and its 200 day moving average is $9.39. Ouster has a one year low of $5.84 and a one year high of $16.88. The firm has a market cap of $604.33 million, a price-to-earnings ratio of -4.37 and a beta of 2.25.

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.