Ouster, Inc. (NYSE:OUST) Receives Average Rating of “Buy” from Analysts

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

Several brokerages have recently issued reports on OUST. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price on the stock. Northland Capmk upgraded Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research report on Friday, November 8th.

Insiders Place Their Bets

In other news, CEO Charles Angus Pacala purchased 50,954 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $9.79 per share, with a total value of $498,839.66. Following the transaction, the chief executive officer now owns 769,957 shares in the company, valued at $7,537,879.03. The trade was a 7.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Megan Chung sold 13,671 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were 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 $1,450,079.43. This represents a 8.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,167 shares of company stock valued at $746,368 in the last ninety days. 7.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares during the period. Geode Capital Management LLC raised its stake in shares of Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after acquiring an additional 62,202 shares during the period. Marshall Wace LLP lifted its holdings in shares of Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company’s stock worth $6,424,000 after acquiring an additional 424,178 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ouster by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company’s stock worth $2,245,000 after acquiring an additional 34,743 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Ouster during the 2nd quarter worth approximately $1,305,000. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Performance

Ouster stock opened at $9.37 on Thursday. The stock has a market capitalization of $466.35 million, a P/E ratio of -3.65 and a beta of 2.50. The company’s fifty day moving average price is $8.43 and its 200 day moving average price is $9.17. Ouster has a 1 year low of $4.65 and a 1 year high of $16.88.

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.