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

Ouster, Inc. (NYSE:OUST) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.10.

OUST has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of Ouster in a report on Thursday, March 27th. They set an “outperform” rating and a $16.00 target price on the stock. Cantor Fitzgerald increased their target price on shares of Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. UBS Group set a $16.00 target price on shares of Ouster in a report on Thursday, March 27th. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating and set a $13.68 target price on the stock in a report on Friday, May 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, March 21st.

Ouster Price Performance

NYSE OUST opened at $20.36 on Thursday. Ouster has a 12 month low of $5.84 and a 12 month high of $20.90. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -7.92 and a beta of 2.48. The company’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.96.

Insider Buying and Selling

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the firm’s 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 transaction, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.63% of the company’s stock.

Hedge Funds Weigh In On Ouster

Several large investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after buying an additional 1,063 shares during the period. Bank of New York Mellon Corp increased its stake in Ouster by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after buying an additional 1,074 shares during the period. Invesco Ltd. increased its stake in Ouster by 7.3% during the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock valued at $251,000 after buying an additional 1,391 shares during the period. Fox Run Management L.L.C. increased its stake in Ouster by 4.9% during the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock valued at $385,000 after buying an additional 1,463 shares during the period. Finally, Intrua Financial LLC increased its stake in Ouster by 16.4% during the 1st quarter. Intrua Financial LLC now owns 13,962 shares of the company’s stock valued at $125,000 after buying an additional 1,970 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

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.