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

Shares of Ouster, Inc. (NYSE:OUSTGet Rating) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.59.

OUST has been the subject of several recent research reports. Citigroup cut Ouster from a “buy” rating to a “neutral” rating and set a $1.70 price target for the company. in a report on Wednesday, December 7th. Craig Hallum cut their price target on Ouster to $2.50 in a report on Tuesday, November 15th. Westpark Capital initiated coverage on Ouster in a report on Tuesday, November 1st. They issued a “buy” rating and a $4.00 price target for the company. Robert W. Baird cut Ouster from an “outperform” rating to a “neutral” rating and set a $1.50 price target for the company. in a report on Tuesday, November 8th. Finally, Rosenblatt Securities started 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.

Ouster Price Performance

NYSE OUST opened at $1.21 on Friday. Ouster has a twelve month low of $0.76 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.89 and a current ratio of 6.70. The stock has a market capitalization of $223.28 million, a PE ratio of -1.68 and a beta of 2.17. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $1.30.

Ouster (NYSE:OUSTGet Rating) last posted its quarterly earnings results on Monday, November 7th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $11.20 million during the quarter. Ouster had a negative net margin of 297.38% and a negative return on equity of 52.75%. Research analysts anticipate that Ouster will post -0.79 EPS for the current year.

Insider Buying and Selling at Ouster

In other news, CFO Anna Brunelle sold 25,700 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Anna Brunelle sold 25,700 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Dickerman sold 30,599 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $1.21, for a total value of $37,024.79. Following the sale, 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. In the last quarter, insiders sold 69,196 shares of company stock worth $83,727. 10.70% of the stock is currently owned by insiders.

Institutional Trading of Ouster

Large investors have recently made changes to their positions in the business. Penn Capital Management Company LLC boosted its holdings in Ouster by 59.6% in the second quarter. Penn Capital Management Company LLC now owns 2,610,151 shares of the company’s stock valued at $4,228,000 after acquiring an additional 974,248 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in Ouster by 72.9% in the second quarter. Game Plan Financial Advisors LLC now owns 60,500 shares of the company’s stock valued at $98,000 after acquiring an additional 25,500 shares during the last quarter. Brown Advisory Inc. bought a new position in Ouster in the second quarter valued at about $143,000. American Trust bought a new position in Ouster in the first quarter valued at about $55,000. Finally, Swiss National Bank bought a new position in Ouster in the second quarter valued at about $264,000. Institutional investors own 28.79% of the company’s stock.

Ouster Company Profile

(Get Rating)

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.

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Analyst Recommendations for Ouster (NYSE:OUST)

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