Ouster (OUST) Scheduled to Post Quarterly Earnings on Thursday

Ouster (NYSE:OUST) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Ouster has set its Q1 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Ouster (NYSE:OUST) last announced its quarterly earnings results on Tuesday, March 26th. The company reported ($0.95) earnings per share for the quarter. The firm had revenue of $24.44 million for the quarter. Ouster had a negative net margin of 449.23% and a negative return on equity of 106.16%.

Ouster Stock Performance

OUST stock opened at $9.82 on Tuesday. The stock has a market capitalization of $399.38 million, a PE ratio of -0.89 and a beta of 2.40. The stock’s 50 day simple moving average is $7.01 and its 200 day simple moving average is $6.14. Ouster has a 12-month low of $3.67 and a 12-month high of $11.40. The company has a current ratio of 3.22, a quick ratio of 2.94 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Craig Hallum upped their price target on Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 1st. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 target price on shares of Ouster in a research note on Thursday, March 28th. Finally, Chardan Capital reiterated a “neutral” rating and issued a $10.00 price target on shares of Ouster in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ouster presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Insider Buying and Selling

In other news, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ouster news, CFO Mark Weinswig sold 19,990 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the sale, the chief financial officer now owns 236,800 shares of the company’s stock, valued at $2,214,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Megan Chung sold 5,776 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Insiders sold 36,986 shares of company stock valued at $290,359 over the last 90 days. Company insiders own 6.00% 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.