Ouster (OUST) Projected to Post Quarterly Earnings on Thursday

Ouster (NYSE:OUST - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.39) per share and revenue of $30.87 million for the quarter.

Ouster Stock Performance

Shares of OUST traded down $0.36 during mid-day trading on Monday, hitting $7.98. The company's stock had a trading volume of 589,576 shares, compared to its average volume of 1,274,577. The stock's 50-day moving average is $8.04 and its two-hundred day moving average is $9.28. The firm has a market capitalization of $428.78 million, a PE ratio of -3.11 and a beta of 2.25. Ouster has a one year low of $5.84 and a one year high of $16.88.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Westpark Capital started coverage on shares of Ouster in a research report on Monday, March 17th. They issued a "hold" rating on the stock. Oppenheimer assumed coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. Cantor Fitzgerald upped their price target on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price objective on shares of Ouster in a report on Friday, March 21st. Finally, UBS Group set a $16.00 target price on Ouster in a research note on Thursday, March 27th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $14.57.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total value of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares of the company's stock, valued at $2,481,364.88. The trade was a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 9,099 shares of company stock valued at $90,460. 7.81% of the stock is currently owned by company insiders.

About Ouster

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.