Rosenblatt Securities reiterated their buy rating on shares of Ouster (NASDAQ:OUST – Free Report) in a research report released on Friday,Benzinga reports. The brokerage currently has a $53.00 price objective on the stock.
A number of other analysts also recently weighed in on OUST. Citigroup restated an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Oppenheimer reiterated an “outperform” rating and issued a $57.00 price target (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Roth Capital initiated coverage on Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company. Weiss Ratings initiated coverage on Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating on the stock. Finally, Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ouster currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.67.
Read Our Latest Stock Analysis on OUST
Ouster Stock Performance
Ouster (NASDAQ:OUST – Get Free Report) last issued 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 firm had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative return on equity of 19.33% and a negative net margin of 26.02%. As a group, sell-side analysts predict that Ouster will post -1.03 earnings per share for the current fiscal year.
Insider Activity at Ouster
In other news, COO Darien Spencer sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief operating officer owned 342,366 shares in the company, valued at $15,406,470. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cyrille Jacquemet sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $35.00, for a total value of $350,000.00. Following the sale, the executive directly owned 132,590 shares of the company’s stock, valued at $4,640,650. The trade was a 7.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 744,754 shares of company stock worth $28,929,859. 5.72% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ouster
A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in Ouster by 2,532.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 1,089 shares during the period. Larson Financial Group LLC increased its position in shares of Ouster by 118.8% during the fourth quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock valued at $43,000 after buying an additional 1,067 shares during the period. SHP Wealth Management purchased a new stake in shares of Ouster in the fourth quarter worth about $96,000. Van ECK Associates Corp lifted its holdings in shares of Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after buying an additional 525 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Ouster by 139.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,622 shares of the company’s stock valued at $100,000 after acquiring an additional 2,695 shares in the last quarter. 31.45% of the stock is owned by institutional investors.
Ouster News Summary
Here are the key news stories impacting Ouster this week:
- Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
- Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
- Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
- Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
- Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
- Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
- Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale
Ouster Company Profile
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.
Further Reading
- Five stocks we like better than Ouster
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Ouster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ouster and related companies with MarketBeat.com's FREE daily email newsletter.
