Shares of Ouster, Inc. (NASDAQ:OUST – Get Free Report) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.67.
A number of research firms recently commented on OUST. Oppenheimer reissued an “outperform” rating and set a $57.00 price objective (up from $42.00) on shares of Ouster in a report on Wednesday, July 15th. Roth Capital assumed coverage on shares of Ouster in a report on Friday, May 29th. They issued a “buy” rating and a $75.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Northland Securities set a $60.00 price target on Ouster and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Finally, Citigroup restated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st.
Check Out Our Latest Stock Analysis on Ouster
Ouster Stock Up 5.1%
Ouster (NASDAQ:OUST – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. On average, equities research analysts expect that Ouster will post -1.07 earnings per share for the current fiscal year.
Insider Activity
In other Ouster news, COO Darien Spencer sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer directly owned 299,806 shares in the company, valued at approximately $13,491,270. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Megan Chung sold 11,484 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $33.96, for a total value of $389,996.64. Following the completion of the sale, the general counsel directly owned 189,291 shares in the company, valued at $6,428,322.36. This trade represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 173,037 shares of company stock valued at $6,720,238 in the last 90 days. Insiders own 5.72% of the company’s stock.
Institutional Investors Weigh In On Ouster
A number of large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 1,067 shares in the last quarter. Allworth Financial LP increased its stake in shares of Ouster by 40.3% during the 2nd quarter. Allworth Financial LP now owns 1,190 shares of the company’s stock worth $74,000 after purchasing an additional 342 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Ouster during the 2nd quarter worth approximately $74,000. MCF Advisors LLC raised its position in shares of Ouster by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company’s stock worth $84,000 after purchasing an additional 344 shares during the last quarter. Finally, Orion Capital Management LLC lifted its stake in Ouster by 195.7% in the 2nd quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock valued at $94,000 after buying an additional 1,000 shares in the last quarter. 31.45% of the stock is owned by institutional investors and hedge funds.
Ouster Company Profile
Ouster, Inc develops lidar sensors and software used to help machines perceive and understand their surroundings. Its digital lidar technology measures distance and generates three-dimensional data for applications including industrial automation, robotics, intelligent transportation, infrastructure monitoring and automotive systems.
The company offers a portfolio of lidar sensors designed for different range, resolution and deployment requirements, along with software and perception tools that help customers interpret sensor data.
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