Ouster, Inc. (NYSE:OUST) Receives $20.94 Average Target Price from Brokerages

Posted by Defense World Staff on Apr 28th, 2023

Shares of Ouster, Inc. (NYSE:OUST – Get Rating) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.94.

OUST has been the subject of several analyst reports. Citigroup cut their target price on Ouster from $17.00 to $10.00 in a research note on Sunday, April 2nd. Cantor Fitzgerald cut their price objective on shares of Ouster from $50.00 to $30.00 in a research report on Friday, March 24th. Rosenblatt Securities decreased their target price on shares of Ouster from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, March 24th. Finally, Chardan Capital downgraded shares of Ouster from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Friday, March 24th.

Ouster Stock Performance

NYSE OUST opened at $3.58 on Tuesday. The firm has a market cap of $138.30 million, a P/E ratio of -0.46 and a beta of 2.46. The company has a quick ratio of 4.85, a current ratio of 5.51 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $8.02 and its 200-day moving average is $10.43. Ouster has a 12-month low of $3.21 and a 12-month high of $36.60.

Ouster (NYSE:OUST – Get Rating) last issued its earnings results on Thursday, March 23rd. The company reported ($2.30) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 337.71% and a negative return on equity of 65.59%. The business had revenue of $10.94 million for the quarter. Sell-side analysts predict that Ouster will post -9.5 earnings per share for the current year.

Insider Buying and Selling at Ouster

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

Institutional Trading of Ouster

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ouster during the first quarter valued at approximately $82,000. Legal & General Group Plc boosted its position in Ouster by 111.4% during the 2nd quarter. Legal & General Group Plc now owns 28,963 shares of the company’s stock valued at $47,000 after buying an additional 15,263 shares during the period. Renaissance Technologies LLC bought a new stake in Ouster in the 2nd quarter worth $49,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Ouster in the first quarter valued at about $27,000. Finally, Lodestar Private Asset Management LLC purchased a new position in shares of Ouster in the fourth quarter valued at about $30,000. 28.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Ouster (NYSE:OUST)

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