Ouster, Inc. (NASDAQ:OUST) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Ouster, Inc. (NASDAQ:OUST - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $54.6667.

Several research analysts recently weighed in on OUST shares. Rosenblatt Securities restated a "buy" rating and issued a $53.00 price objective on shares of Ouster in a research report on Friday, August 7th. Northland Securities set a $60.00 price objective on shares of Ouster and gave the company an "outperform" rating in a research report on Tuesday, July 21st. Cantor Fitzgerald downgraded shares of Ouster from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ouster in a research report on Wednesday, August 12th. Finally, Oppenheimer reissued an "outperform" rating and issued a $57.00 target price (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th.

Insider Activity

In related news, COO Darien Spencer sold 30,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the transaction, the chief operating officer directly owned 299,806 shares of the company's stock, valued at approximately $13,491,270. This trade represents a 9.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen A. Skaggs sold 3,614 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $45.18, for a total value of $163,280.52. Following the completion of the sale, the director owned 61,415 shares of the company's stock, valued at $2,774,729.70. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 160,829 shares of company stock valued at $6,736,649. 5.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OUST. California State Teachers Retirement System boosted its stake in shares of Ouster by 6,016.8% in the 2nd quarter. California State Teachers Retirement System now owns 4,856,804 shares of the company's stock valued at $303,647,000 after purchasing an additional 4,777,403 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company's stock valued at $13,863,000 after purchasing an additional 536,413 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Ouster in the 1st quarter worth $8,915,000. Handelsbanken Fonder AB raised its position in Ouster by 130.7% in the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company's stock worth $15,479,000 after purchasing an additional 405,441 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in Ouster by 517.5% in the fourth quarter. Squarepoint Ops LLC now owns 401,727 shares of the company's stock worth $8,693,000 after purchasing an additional 336,673 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Stock Performance

NASDAQ:OUST opened at $36.23 on Wednesday. Ouster has a 52-week low of $16.40 and a 52-week high of $63.79. The stock has a fifty day moving average of $42.80 and a 200 day moving average of $32.28. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -42.13 and a beta of 3.24.

Ouster (NASDAQ:OUST - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.14). The business had revenue of $54.63 million during the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative return on equity of 17.49% and a negative net margin of 26.02%. Equities analysts forecast that Ouster will post -1.07 earnings per share for the current fiscal 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.

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