Ouster, Inc. (NYSE:OUST) Receives $14.57 Consensus Price Target from Analysts

Shares of Ouster, Inc. (NYSE:OUST) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.57.

A number of analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. UBS Group set a $16.00 target price on Ouster in a research report on Thursday, March 27th. Oppenheimer initiated coverage on Ouster in a research report on Thursday, March 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Cantor Fitzgerald boosted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Westpark Capital started coverage on shares of Ouster in a research report on Monday, March 17th. They set a “hold” rating for the company.

Insiders Place Their Bets

In related news, General Counsel Megan Chung sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now owns 220,762 shares in the company, valued at $2,481,364.88. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 9,099 shares of company stock valued at $90,460. Insiders own 7.81% of the company’s stock.

Institutional Investors Weigh In On Ouster

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in Ouster in the first quarter worth about $39,000. FNY Investment Advisers LLC bought a new stake in shares of Ouster during the first quarter worth approximately $49,000. Daiwa Securities Group Inc. boosted its stake in Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after acquiring an additional 1,063 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Ouster during the 1st quarter worth $97,000. Finally, AlphaQuest LLC lifted its stake in shares of Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares during the period. Institutional investors own 31.45% of the company’s stock.

Ouster Trading Up 1.2 %

Shares of NYSE OUST opened at $6.99 on Wednesday. Ouster has a one year low of $5.84 and a one year high of $16.88. The business has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $9.20. The firm has a market capitalization of $347.90 million, a price-to-earnings ratio of -2.72 and a beta of 2.23.

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.