Ouster, Inc. (NASDAQ:OUST) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ouster, Inc. (NASDAQ:OUST) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $54.6667.

OUST has been the subject of a number of research reports. Northland Securities set a $60.00 target price on shares of Ouster and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $53.00 price target on shares of Ouster in a research report on Thursday, August 27th. Cantor Fitzgerald lowered Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $57.00 price objective (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Finally, Roth Capital began coverage on Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock.

Insider Activity at Ouster

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $47.00, for a total value of $79,665.00. Following the sale, the director owned 124,999 shares in the company, valued at approximately $5,874,953. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Charles Angus Pacala sold 29,797 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $38.82, for a total transaction of $1,156,719.54. Following the sale, the chief executive officer directly owned 1,072,201 shares in the company, valued at $41,622,842.82. The trade was a 2.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,829 shares of company stock valued at $6,736,649 in the last 90 days. 5.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Ouster

A number of hedge funds have recently added to or reduced their stakes in OUST. NewEdge Advisors LLC grew its position in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after buying an additional 1,089 shares during the period. Larson Financial Group LLC raised its position in shares of Ouster by 118.8% in the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after acquiring an additional 1,067 shares during the period. Orion Capital Management LLC boosted its stake in shares of Ouster by 195.7% during the 2nd quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock worth $94,000 after acquiring an additional 1,000 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Ouster during the 4th quarter worth about $96,000. Finally, Van ECK Associates Corp boosted its stake in shares of Ouster by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after acquiring an additional 525 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Trading Down 3.4%

Shares of NASDAQ:OUST opened at $33.26 on Wednesday. Ouster has a twelve month low of $16.40 and a twelve month high of $63.79. The company’s 50 day moving average is $41.76 and its 200 day moving average is $32.83. The company has a market cap of $2.40 billion, a PE ratio of -38.67 and a beta of 3.25.

Ouster (NASDAQ:OUST) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The business had revenue of $54.63 million for the quarter, compared to analyst estimates of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. Equities research analysts predict that Ouster will post -1.07 earnings per share for the current fiscal year.

About Ouster

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.