Ouster, Inc. (NYSE:OUST) Receives $13.17 Consensus Target Price from Brokerages

Shares of Ouster, Inc. (NYSE:OUST) have received an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.17.

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

Ouster Stock Down 0.7 %

Shares of Ouster stock opened at $9.08 on Thursday. Ouster has a twelve month low of $4.65 and a twelve month high of $16.88. The company’s 50 day moving average is $8.37 and its 200 day moving average is $9.21. The company has a market cap of $451.92 million, a price-to-earnings ratio of -3.53 and a beta of 2.50.

Insiders Place Their Bets

In other Ouster news, CFO Mark Weinswig sold 31,397 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the transaction, the chief financial officer now directly owns 198,650 shares in the company, valued at $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

Several institutional investors and hedge funds have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ouster during the 2nd quarter valued at approximately $27,000. Van ECK Associates Corp raised 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 valued at $46,000 after buying an additional 1,608 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Ouster in the third quarter worth $67,000. True North Advisors LLC purchased a new position in shares of Ouster in the third quarter worth $78,000. Finally, Intech Investment Management LLC bought a new position in shares of Ouster during the third quarter worth $81,000. 31.45% of the stock is currently owned by institutional investors.

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.