Ouster, Inc. (NYSE:OUST) Receives $18.57 Consensus Target Price from Brokerages

Posted by Defense World Staff on Sep 25th, 2023

Shares of Ouster, Inc. (NYSE:OUST – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.57.

Several research analysts have recently weighed in on the stock. Chardan Capital raised shares of Ouster from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday, July 13th. Rosenblatt Securities reiterated a “buy” rating and set a $17.50 price target on shares of Ouster in a research report on Friday, August 11th. Finally, Citigroup raised their target price on shares of Ouster from $6.10 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, August 17th.

Get Our Latest Report on OUST

Insider Activity

In other Ouster news, Director Ernest E. Maddock bought 7,000 shares of Ouster stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $6.02 per share, with a total value of $42,140.00. Following the completion of the purchase, the director now owns 38,924 shares of the company’s stock, valued at $234,322.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ouster news, Director Ernest E. Maddock purchased 7,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $6.02 per share, with a total value of $42,140.00. Following the transaction, the director now directly owns 38,924 shares in the company, valued at approximately $234,322.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Boulet purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $4.68 per share, for a total transaction of $46,800.00. Following the purchase, the director now directly owns 153,089 shares in the company, valued at $716,456.52. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 18,600 shares of company stock valued at $98,860 and have sold 118,695 shares valued at $782,088. Insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Ouster

A number of hedge funds have recently bought and sold shares of OUST. BlackRock Inc. boosted its stake in Ouster by 104.5% in the 1st quarter. BlackRock Inc. now owns 19,289,840 shares of the company’s stock worth $16,140,000 after purchasing an additional 9,859,041 shares in the last quarter. State Street Corp lifted its holdings in Ouster by 142.5% in the first quarter. State Street Corp now owns 11,387,013 shares of the company’s stock valued at $9,528,000 after acquiring an additional 6,691,110 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Ouster by 196.9% in the first 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 last quarter. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 2,910,036 shares during the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in shares of Ouster during the 1st quarter valued at $5,625,000. Institutional investors own 24.96% of the company’s stock.

Ouster Trading Up 1.9 %

NYSE OUST opened at $4.81 on Friday. The stock has a market capitalization of $190.00 million, a price-to-earnings ratio of -0.36 and a beta of 2.18. Ouster has a one year low of $3.21 and a one year high of $19.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.17 and a quick ratio of 3.76. The business’s fifty day moving average is $5.58 and its 200-day moving average is $5.81.

Ouster (NYSE:OUST – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($1.81) earnings per share (EPS) for the quarter. Ouster had a negative return on equity of 107.57% and a negative net margin of 643.51%. The company had revenue of $19.40 million for the quarter. Equities research analysts predict that Ouster will post -10.74 EPS for the current year.

Ouster Company Profile

(Get Free Report

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 solid-state flash sensor. The company is based in San Francisco, California.