Ouster, Inc. (NYSE:OUST) Receives $14.57 Consensus Target Price from Analysts

Shares of Ouster, Inc. (NYSE:OUST) have been given an average rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.57.

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

Insider Buying and Selling at Ouster

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 transaction, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 9,099 shares of company stock worth $90,460. 7.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Ouster

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

Ouster Stock Up 2.7 %

Shares of Ouster stock opened at $6.92 on Wednesday. Ouster has a 52-week low of $5.84 and a 52-week high of $16.88. The company has a 50 day moving average of $8.30 and a 200 day moving average of $9.23. The company has a market capitalization of $344.42 million, a P/E ratio of -2.69 and a beta of 2.23.

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.