Ouster, Inc. (NYSE:OUST) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ouster, Inc. (NYSE:OUST – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.59.

Several analysts have weighed in on OUST shares. Craig Hallum cut their target price on Ouster to $2.50 in a research note on Tuesday, November 15th. Robert W. Baird downgraded Ouster from an “outperform” rating to a “neutral” rating and set a $1.50 price objective on the stock. in a research note on Tuesday, November 8th. Citigroup downgraded Ouster from a “buy” rating to a “neutral” rating and set a $1.70 price objective on the stock. in a research note on Wednesday, December 7th. Westpark Capital began coverage on Ouster in a research note on Tuesday, November 1st. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, Rosenblatt Securities began coverage on Ouster in a research note on Monday, October 24th. They issued a “buy” rating and a $2.00 price objective on the stock.

Insider Transactions at Ouster

In other news, insider Nathan Dickerman sold 30,599 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total transaction of $37,024.79. Following the sale, the insider now directly owns 890,387 shares of the company’s stock, valued at $1,077,368.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Anna Brunelle sold 25,700 shares of Ouster stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total transaction of $31,097.00. Following the transaction, the chief financial officer now owns 2,323,690 shares in the company, valued at $2,811,664.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Dickerman sold 30,599 shares of Ouster stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $1.21, for a total value of $37,024.79. Following the transaction, the insider now owns 890,387 shares in the company, valued at approximately $1,077,368.27. The disclosure for this sale can be found here. Insiders have sold 69,196 shares of company stock valued at $83,727 over the last three months. Company insiders own 10.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Ouster by 2.1% during the third quarter. BlackRock Inc. now owns 9,373,938 shares of the company’s stock valued at $9,030,000 after buying an additional 192,017 shares in the last quarter. State Street Corp grew its holdings in shares of Ouster by 1.2% during the third quarter. State Street Corp now owns 4,578,980 shares of the company’s stock valued at $4,411,000 after buying an additional 54,781 shares in the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Ouster by 0.3% during the third quarter. Penn Capital Management Company LLC now owns 2,618,956 shares of the company’s stock valued at $2,527,000 after buying an additional 8,805 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Ouster by 3.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,313,692 shares of the company’s stock valued at $1,266,000 after purchasing an additional 42,086 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Ouster by 5.4% in the second quarter. Northern Trust Corp now owns 1,061,038 shares of the company’s stock valued at $1,719,000 after purchasing an additional 54,404 shares in the last quarter. Hedge funds and other institutional investors own 28.79% of the company’s stock.

Ouster Stock Up 1.7 %

Shares of Ouster stock opened at $1.21 on Friday. The business’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.70 and a quick ratio of 5.89. The company has a market capitalization of $223.28 million, a P/E ratio of -1.68 and a beta of 2.17. Ouster has a 1-year low of $0.76 and a 1-year high of $5.00.

Ouster (NYSE:OUST – Get Rating) last announced its earnings results on Monday, November 7th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $11.20 million for the quarter. Ouster had a negative net margin of 297.38% and a negative return on equity of 52.75%. As a group, research analysts forecast that Ouster will post -0.79 EPS for the current year.

Ouster Company Profile

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Ouster, Inc designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.