In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on Ouster (OUST – Research Report). The company’s shares closed last Friday at $9.66.
According to TipRanks, Shannon is a 4-star analyst with an average return of 3.4% and a 42.21% success rate. Shannon covers the Technology sector, focusing on stocks such as AXT, Vicor, and Navitas Semiconductor.
Currently, the analyst consensus on Ouster is a Moderate Buy with an average price target of $11.00.
Based on Ouster’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.21 million and a GAAP net loss of $35.1 million. In comparison, last year the company earned a revenue of $11.2 million and had a GAAP net loss of $35.99 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OUST in relation to earlier this year.
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Ouster (OUST) Company Description:
Colonnade Acquisition Corp is a blank check company.
