Shares of Ouster, Inc. (NYSE:OUST – Free Report) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.58.
OUST has been the subject of a number of recent analyst reports. Citigroup reduced their target price on Ouster from $10.00 to $6.10 in a report on Friday, June 30th. Chardan Capital lowered Ouster from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Friday, March 24th. Craig Hallum reduced their target price on Ouster from $15.00 to $10.00 in a report on Friday, May 12th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ouster in a report on Monday, May 15th. Finally, Rosenblatt Securities reduced their target price on Ouster from $20.00 to $17.50 and set a “buy” rating for the company in a report on Friday, March 24th.
Ouster Trading Up 4.3 %
Shares of Ouster stock opened at $5.15 on Friday. Ouster has a 52-week low of $3.21 and a 52-week high of $20.85. The stock’s 50-day simple moving average is $5.45 and its 200 day simple moving average is $8.35. The stock has a market capitalization of $199.87 million, a P/E ratio of -0.43 and a beta of 2.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.00 and a current ratio of 4.40.
Ouster (NYSE:OUST – Free Report) last announced its quarterly earnings data on Thursday, May 11th. The company reported ($3.36) earnings per share (EPS) for the quarter. The firm had revenue of $17.23 million during the quarter. Ouster had a negative net margin of 570.30% and a negative return on equity of 88.07%. As a group, research analysts anticipate that Ouster will post -9.36 EPS for the current year.
Insiders Place Their Bets
In related news, Director Virginia Boulet acquired 20,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of $5.83 per share, for a total transaction of $116,600.00. Following the completion of the transaction, the director now owns 60,489 shares of the company’s stock, valued at approximately $352,650.87. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CTO Mark Frichtl acquired 25,700 shares of the stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of $5.84 per share, for a total transaction of $150,088.00. Following the completion of the transaction, the chief technology officer now owns 3,749,512 shares of the company’s stock, valued at approximately $21,897,150.08. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Virginia Boulet bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of $5.83 per share, with a total value of $116,600.00. Following the acquisition, the director now owns 60,489 shares of the company’s stock, valued at $352,650.87. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 143,000 shares of company stock valued at $837,501 and sold 12,782 shares valued at $72,385. 6.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Ouster
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its holdings in shares of Ouster by 8.4% during the first quarter. HighTower Advisors LLC now owns 58,470 shares of the company’s stock valued at $265,000 after acquiring an additional 4,521 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Ouster by 4.9% during the first quarter. Rhumbline Advisers now owns 135,490 shares of the company’s stock valued at $610,000 after acquiring an additional 6,307 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ouster by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 218,934 shares of the company’s stock valued at $183,000 after acquiring an additional 7,684 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Ouster by 17.5% during the second quarter. LPL Financial LLC now owns 59,621 shares of the company’s stock valued at $97,000 after acquiring an additional 8,900 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Ouster by 34.0% during the third quarter. Alliancebernstein L.P. now owns 43,000 shares of the company’s stock valued at $41,000 after acquiring an additional 10,900 shares in the last quarter.
Ouster Company Profile
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.