Ouster (OUST) to Release Quarterly Earnings on Tuesday

Ouster (NYSE:OUST) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 13th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ouster (NYSE:OUST) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.55) EPS for the quarter. The business had revenue of $25.94 million for the quarter. Ouster had a negative return on equity of 88.42% and a negative net margin of 239.89%. During the same period in the prior year, the business earned ($3.36) earnings per share.

Ouster Trading Down 0.1 %

Shares of OUST stock opened at $10.57 on Monday. The firm has a market capitalization of $478.03 million, a P/E ratio of -1.89 and a beta of 2.42. Ouster has a twelve month low of $3.67 and a twelve month high of $16.88. The company has a quick ratio of 2.83, a current ratio of 3.09 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $9.07.

Analyst Ratings Changes

A number of equities research analysts have commented on OUST shares. Rosenblatt Securities upped their price target on Ouster from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $13.00 price objective on shares of Ouster in a research note on Monday, July 22nd. Finally, Craig Hallum boosted their price objective on Ouster from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Ouster has a consensus rating of “Hold” and an average price target of $12.10.

Insider Buying and Selling

In other Ouster news, CFO Mark Weinswig sold 2,535 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the sale, the chief financial officer now owns 230,106 shares in the company, valued at $2,563,380.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark Weinswig sold 2,535 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $11.14, for a total transaction of $28,239.90. Following the transaction, the chief financial officer now directly owns 230,106 shares of the company’s stock, valued at $2,563,380.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Virginia Boulet acquired 10,000 shares of Ouster stock in a transaction dated Wednesday, May 15th. The shares were bought at an average cost of $12.20 per share, for a total transaction of $122,000.00. Following the completion of the purchase, the director now directly owns 173,089 shares of the company’s stock, valued at approximately $2,111,685.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 16,168 shares of company stock worth $184,264. Corporate insiders own 7.81% of the company’s stock.

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.