Brokerages Set Ouster, Inc. (NYSE:OUST) Target Price at $13.17

Ouster, Inc. (NYSE:OUST) has earned an average rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.17.

A number of brokerages recently commented on OUST. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. Northland Securities initiated coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th.

Ouster Stock Up 0.8 %

Shares of OUST opened at $9.96 on Friday. The business’s 50-day moving average price is $10.94 and its 200-day moving average price is $9.27. Ouster has a twelve month low of $4.65 and a twelve month high of $16.88. The stock has a market cap of $495.71 million, a PE ratio of -3.88 and a beta of 2.39.

Ouster (NYSE:OUST) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.54) earnings per share for the quarter. The company had revenue of $28.08 million for the quarter. Ouster had a negative net margin of 106.50% and a negative return on equity of 65.17%. During the same quarter in the prior year, the business posted ($0.89) EPS. Analysts expect that Ouster will post -2.2 earnings per share for the current fiscal year.

Insider Activity at Ouster

In other news, CTO Mark Frichtl bought 5,045 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $9.78 per share, for a total transaction of $49,340.10. Following the acquisition, the chief technology officer now owns 513,121 shares of the company’s stock, valued at $5,018,323.38. This represents a 0.99 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Megan Chung sold 13,671 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total transaction of $132,471.99. Following the completion of the sale, the general counsel now directly owns 149,647 shares of the company’s stock, valued at approximately $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,415 shares of company stock valued at $748,620 over the last 90 days. 7.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ouster

Several institutional investors have recently added to or reduced their stakes in OUST. New York State Common Retirement Fund grew its position in Ouster by 25.8% during the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock worth $9,281,000 after purchasing an additional 155,640 shares during the period. Rhumbline Advisers grew its position in Ouster by 6.6% during the fourth quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock valued at $968,000 after buying an additional 4,900 shares during the period. Legato Capital Management LLC increased its holdings in Ouster by 16.3% in the fourth quarter. Legato Capital Management LLC now owns 65,860 shares of the company’s stock valued at $805,000 after buying an additional 9,228 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Ouster by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock worth $240,000 after acquiring an additional 3,261 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after acquiring an additional 42,267 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Company Profile

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.