Ouster, Inc. (NASDAQ:OUST) Receives Average Recommendation of “Hold” from Analysts

Shares of Ouster, Inc. (NASDAQ:OUST) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $48.1667.

Several research analysts have recently commented on OUST shares. Weiss Ratings initiated coverage on Ouster in a research report on Friday, May 15th. They issued a “sell (d-)” rating for the company. Roth Capital assumed coverage on Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 target price on the stock. Cantor Fitzgerald lowered shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities lifted their price objective on shares of Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th.

Insider Activity at Ouster

In related news, CTO Mark Frichtl sold 308,742 shares of Ouster stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total value of $12,822,055.26. Following the completion of the sale, the chief technology officer directly owned 294,924 shares in the company, valued at $12,248,193.72. This trade represents a 51.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth P. Gianella sold 54,337 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $38.82, for a total transaction of $2,109,362.34. Following the sale, the chief financial officer directly owned 301,014 shares in the company, valued at approximately $11,685,363.48. This represents a 15.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 910,591 shares of company stock worth $32,578,780. 5.72% of the stock is owned by insiders.

Institutional Trading of Ouster

Several large investors have recently added to or reduced their stakes in OUST. SG Americas Securities LLC raised its position in Ouster by 43.2% during the fourth quarter. SG Americas Securities LLC now owns 276,578 shares of the company’s stock worth $5,985,000 after acquiring an additional 83,448 shares during the period. JPMorgan Chase & Co. increased its holdings in Ouster by 514.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 155,063 shares during the period. Algert Global LLC raised its position in Ouster by 192.6% in the 3rd quarter. Algert Global LLC now owns 500,902 shares of the company’s stock valued at $13,549,000 after purchasing an additional 329,735 shares in the last quarter. UBS Group AG boosted its stake in shares of Ouster by 67.7% in the 4th quarter. UBS Group AG now owns 301,469 shares of the company’s stock valued at $6,524,000 after buying an additional 121,708 shares during the period. Finally, Patten Group Inc. acquired a new position in shares of Ouster during the first quarter worth about $212,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

Ouster stock traded down $4.94 during mid-day trading on Tuesday, reaching $44.89. 3,647,805 shares of the company traded hands, compared to its average volume of 3,236,897. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -46.24 and a beta of 3.17. Ouster has a 52-week low of $16.40 and a 52-week high of $63.79. The firm’s 50 day moving average price is $39.18 and its 200 day moving average price is $28.03.

Ouster (NASDAQ:OUST) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The business had revenue of $48.58 million during the quarter, compared to the consensus estimate of $46.15 million. Ouster had a negative net margin of 30.12% and a negative return on equity of 21.49%. During the same period last year, the company earned ($0.42) EPS. On average, sell-side analysts anticipate that Ouster will post -1.05 EPS for the current year.

About Ouster

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.