Ouster, Inc. (OUST) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Six of eight brokerages rate Ouster a buy, with an average 12-month price target of $54.67 versus the stock’s reported $31.87 price. Ratings include targets ranging from $53 to $60, although Weiss Ratings maintains a sell rating.
• Ouster’s latest quarter missed on earnings: The company reported a loss of $0.26 per share, below the $0.12 consensus loss, though revenue of $54.63 million exceeded estimates. Analysts expect a full-year loss of $1.07 per share.
• Insiders have been selling shares while institutions hold 31.45%: Ouster executives sold 173,037 shares worth approximately $6.72 million over the past three months, while several institutional investors increased their positions.

Shares of Ouster, Inc. (NASDAQ:OUST - Get Free Report) have been given an average rating of "Moderate Buy" by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $54.67.

Several analysts recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and set a $53.00 target price on shares of Ouster in a research note on Thursday, August 27th. Northland Securities set a $60.00 price target on Ouster and gave the stock an "outperform" rating in a report on Tuesday, July 21st. Oppenheimer restated an "outperform" rating and issued a $57.00 price target (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Citigroup reaffirmed an "outperform" rating on shares of Ouster in a report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ouster in a report on Wednesday, August 12th.

Insider Transactions at Ouster

In related news, COO Darien Spencer sold 30,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth P. Gianella sold 40,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $45.33, for a total transaction of $1,813,200.00. Following the transaction, the chief financial officer directly owned 261,014 shares of the company's stock, valued at $11,831,764.62. The trade was a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 173,037 shares of company stock valued at $6,720,238. 5.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Ouster by 31.0% in the third quarter. GAMMA Investing LLC now owns 1,441 shares of the company's stock worth $58,000 after buying an additional 341 shares in the last quarter. Allworth Financial LP boosted its stake in Ouster by 40.3% during the second quarter. Allworth Financial LP now owns 1,190 shares of the company's stock valued at $74,000 after buying an additional 342 shares during the last quarter. MCF Advisors LLC grew its holdings in Ouster by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 1,344 shares of the company's stock valued at $84,000 after buying an additional 344 shares in the last quarter. Arizona State Retirement System grew its holdings in Ouster by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,030 shares of the company's stock valued at $1,002,000 after buying an additional 373 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Ouster by 83.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 895 shares of the company's stock valued at $36,000 after buying an additional 407 shares in the last quarter. Institutional investors own 31.45% of the company's stock.

Ouster Stock Down 9.8%

NASDAQ:OUST opened at $31.87 on Thursday. The business's 50-day simple moving average is $39.05 and its two-hundred day simple moving average is $36.73. The stock has a market cap of $2.30 billion, a PE ratio of -37.06 and a beta of 3.23. Ouster has a 52 week low of $16.40 and a 52 week high of $63.79.

Ouster (NASDAQ:OUST - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Ouster will post -1.07 earnings per share for the current fiscal year.

Ouster Company Profile

Ouster, Inc is a technology company that develops lidar sensors and software for machine perception. Its digital lidar products use laser light to create three-dimensional representations of surrounding environments, helping machines detect objects, measure distances, and operate with greater situational awareness.

The company's product portfolio includes lidar sensors for industrial automation, robotics, autonomous vehicles, transportation, mapping, and smart-infrastructure applications.

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