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

Shares of Ouster, Inc. (NYSE:OUST) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.17.

A number of analysts have recently commented on the company. Northland Securities started coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Ouster in a research note on Friday, November 8th.

Insider Transactions at Ouster

In other Ouster news, CEO Charles Angus Pacala bought 50,954 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the acquisition, the chief executive officer now owns 769,957 shares in the company, valued at $7,537,879.03. This trade represents a 7.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Megan Chung sold 13,671 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the transaction, the general counsel now owns 149,647 shares in the company, valued at $1,450,079.43. The trade was a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,018 shares of company stock worth $474,838. Company insiders own 7.81% of the company’s stock.

Institutional Investors Weigh In On Ouster

Several hedge funds and other institutional investors have recently bought and sold shares of OUST. Daiwa Securities Group Inc. raised its stake in Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after buying an additional 1,063 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ouster by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock worth $1,246,000 after purchasing an additional 1,074 shares during the period. Invesco Ltd. lifted its holdings in shares of Ouster by 7.3% in the 4th quarter. Invesco Ltd. now owns 20,575 shares of the company’s stock worth $251,000 after purchasing an additional 1,391 shares in the last quarter. Fox Run Management L.L.C. grew its position in Ouster by 4.9% in the 4th quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock valued at $385,000 after purchasing an additional 1,463 shares during the period. Finally, Van ECK Associates Corp increased its stake in Ouster by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares in the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Stock Performance

Shares of OUST opened at $8.27 on Tuesday. The stock has a market capitalization of $411.60 million, a price-to-earnings ratio of -3.22 and a beta of 2.36. Ouster has a 52 week low of $4.65 and a 52 week high of $16.88. The stock has a fifty day moving average of $11.05 and a 200-day moving average of $8.93.

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.