FY2023 EPS Estimates for Ouster, Inc. Increased by Analyst (NYSE:OUST)

Ouster, Inc. (NYSE:OUST – Get Rating) – Analysts at Cantor Fitzgerald raised their FY2023 earnings estimates for shares of Ouster in a research report issued to clients and investors on Monday, May 15th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings of ($9.36) per share for the year, up from their previous estimate of ($9.50). Cantor Fitzgerald currently has a “Overweight” rating on the stock. The consensus estimate for Ouster’s current full-year earnings is ($9.50) per share.

Several other research analysts also recently issued reports on the stock. Chardan Capital downgraded shares of Ouster from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Friday, March 24th. Rosenblatt Securities reduced their price target on shares of Ouster from $20.00 to $17.50 and set a “buy” rating on the stock in a research report on Friday, March 24th. Citigroup reduced their price target on shares of Ouster from $17.00 to $10.00 in a research report on Sunday, April 2nd. Finally, Craig Hallum reduced their price target on shares of Ouster from $15.00 to $10.00 in a research report on Friday, May 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.06.

Ouster Stock Down 2.4 %

Shares of NYSE OUST opened at $5.69 on Wednesday. The firm’s 50-day simple moving average is $6.02 and its 200 day simple moving average is $9.93. The company has a market cap of $219.80 million, a price-to-earnings ratio of -0.48 and a beta of 2.43. The company has a quick ratio of 4.85, a current ratio of 5.51 and a debt-to-equity ratio of 0.23. Ouster has a 12-month low of $3.21 and a 12-month high of $26.40.

Ouster (NYSE:OUST – Get Rating) last issued its earnings results on Thursday, March 23rd. The company reported ($2.30) EPS for the quarter. Ouster had a negative net margin of 570.30% and a negative return on equity of 101.13%. The firm had revenue of $10.94 million during the quarter.

Insider Buying and Selling at Ouster

In other Ouster news, Director Ted L. Tewksbury III sold 32,624 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $362,126.40. Following the completion of the sale, the director now owns 98,299 shares of the company’s stock, valued at approximately $1,091,118.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ouster news, insider Nathan Dickerman sold 3,227 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $9.00, for a total transaction of $29,043.00. Following the completion of the sale, the insider now owns 81,304 shares of the company’s stock, valued at approximately $731,736. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ted L. Tewksbury III sold 32,624 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $11.10, for a total value of $362,126.40. Following the transaction, the director now owns 98,299 shares in the company, valued at approximately $1,091,118.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,671 shares of company stock worth $407,521. Company insiders own 10.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OUST. BlackRock Inc. increased its position in Ouster by 104.5% during the 1st quarter. BlackRock Inc. now owns 19,289,840 shares of the company’s stock worth $16,140,000 after buying an additional 9,859,041 shares during the period. State Street Corp increased its position in Ouster by 142.5% during the 1st quarter. State Street Corp now owns 11,387,013 shares of the company’s stock worth $9,528,000 after buying an additional 6,691,110 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Ouster by 196.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,524,664 shares of the company’s stock worth $3,786,000 after buying an additional 3,000,784 shares during the period. Geode Capital Management LLC increased its position in Ouster by 134.7% during the 1st quarter. Geode Capital Management LLC now owns 5,071,063 shares of the company’s stock worth $4,243,000 after buying an additional 2,910,036 shares during the period. Finally, Penn Capital Management Company LLC bought a new position in Ouster during the 1st quarter worth $5,625,000. 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.