Ouster, Inc. (NYSE:OUST) Receives Consensus Rating of "Buy" from Brokerages

Ouster, Inc. (NYSE:OUST - Get Free Report) has been given an average rating of "Buy" by the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.57.

Several equities analysts recently commented on OUST shares. Cantor Fitzgerald boosted their price objective on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Westpark Capital started coverage on Ouster in a report on Monday, March 17th. They issued a "hold" rating for the company. UBS Group set a $16.00 price objective on shares of Ouster in a report on Thursday, March 27th. Oppenheimer initiated coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, March 21st.

Ouster Trading Up 1.2 %

Shares of NYSE:OUST traded up $0.08 during midday trading on Wednesday, reaching $6.99. The company had a trading volume of 637,765 shares, compared to its average volume of 1,269,030. The stock has a market cap of $347.90 million, a P/E ratio of -2.72 and a beta of 2.23. The company's 50 day moving average price is $8.48 and its 200 day moving average price is $9.19. Ouster has a 52-week low of $5.84 and a 52-week high of $16.88.

Insider Buying and Selling

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now directly owns 220,762 shares of the company's stock, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 9,099 shares of company stock worth $90,460. 7.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Byrne Asset Management LLC purchased a new stake in Ouster in the first quarter worth $39,000. FNY Investment Advisers LLC purchased a new stake in Ouster in the 1st quarter valued at about $49,000. Daiwa Securities Group Inc. grew its stake in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after acquiring an additional 1,063 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ouster during the first quarter worth approximately $97,000. Finally, AlphaQuest LLC raised its stake in shares of Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after acquiring an additional 7,456 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.

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.