Ouster (OUST) Scheduled to Post Quarterly Earnings on Thursday

Ouster (NYSE:OUST) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Ouster has set its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Ouster (NYSE:OUST) last announced its earnings results on Tuesday, March 26th. The company reported ($0.95) EPS for the quarter. Ouster had a negative return on equity of 106.16% and a negative net margin of 449.23%. The company had revenue of $24.44 million for the quarter.

Ouster Stock Performance

Shares of OUST opened at $9.51 on Wednesday. The firm’s 50 day moving average price is $7.09 and its two-hundred day moving average price is $6.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.94 and a current ratio of 3.22. Ouster has a twelve month low of $3.67 and a twelve month high of $11.40. The firm has a market cap of $386.77 million, a P/E ratio of -0.86 and a beta of 2.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OUST. Craig Hallum boosted their price target on Ouster from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 price target on shares of Ouster in a research note on Thursday, March 28th. Finally, Chardan Capital reissued a “neutral” rating and issued a $10.00 price objective on shares of Ouster in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Insider Buying and Selling at Ouster

In related news, CFO Mark Weinswig sold 19,990 shares of Ouster stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the transaction, the chief financial officer now owns 236,800 shares in the company, valued at $2,214,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total transaction of $45,976.96. Following the completion of the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Weinswig sold 19,990 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total transaction of $186,906.50. Following the completion of the transaction, the chief financial officer now directly owns 236,800 shares in the company, valued at $2,214,080. The disclosure for this sale can be found here. Insiders sold a total of 36,986 shares of company stock worth $290,359 over the last quarter. 6.00% of the stock is currently owned by insiders.

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.