Ouster, Inc. (NYSE:OUST) Receives $13.17 Average Price Target from Analysts

Ouster, Inc. (NYSE:OUST) has received an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.17.

OUST has been the subject of several recent research reports. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and cut their price target for the company from $12.00 to $10.00 in a report on Monday, November 11th. Northland Capmk raised Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. Finally, Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company.

Insider Activity at Ouster

In related news, CEO Charles Angus Pacala bought 50,954 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased 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 approximately $7,537,879.03. This trade represents a 7.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Megan Chung sold 13,671 shares of Ouster stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the sale, the general counsel now directly owns 149,647 shares of the company’s stock, valued at $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,500 shares of company stock worth $469,814. Company insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of Ouster by 18.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock worth $85,000 after purchasing an additional 1,063 shares in the last quarter. Bank of New York Mellon Corp increased 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 in the last quarter. Invesco Ltd. increased its position in shares of Ouster by 7.3% during the fourth 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. increased its position in shares of Ouster by 4.9% during the fourth quarter. Fox Run Management L.L.C. now owns 31,511 shares of the company’s stock worth $385,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock worth $46,000 after purchasing an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Performance

NYSE:OUST opened at $7.69 on Tuesday. Ouster has a one year low of $4.65 and a one year high of $16.88. The stock has a market cap of $382.74 million, a PE ratio of -2.99 and a beta of 2.36. The stock has a 50 day moving average price of $10.74 and a 200 day moving average price of $8.88.

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.