What is Scotiabank's Forecast for Onestream FY2024 Earnings?

Onestream, Inc. (NASDAQ:OS - Free Report) - Investment analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Onestream in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann anticipates that the company will post earnings of $0.07 per share for the year. Scotiabank currently has a "Sector Outperform" rating and a $35.00 target price on the stock. The consensus estimate for Onestream's current full-year earnings is $0.05 per share. Scotiabank also issued estimates for Onestream's FY2025 earnings at $0.12 EPS.

Several other analysts have also issued reports on OS. Wedbush started coverage on Onestream in a report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price on the stock. BMO Capital Markets initiated coverage on shares of Onestream in a research note on Monday, September 23rd. They set an "outperform" rating and a $38.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. The Goldman Sachs Group assumed coverage on Onestream in a research report on Wednesday, December 11th. They set a "buy" rating and a $37.00 price objective on the stock. Finally, Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.83.

Onestream Stock Down 3.8 %

Shares of Onestream stock traded down $1.02 on Monday, hitting $26.12. The company had a trading volume of 807,229 shares, compared to its average volume of 1,308,075. Onestream has a twelve month low of $24.50 and a twelve month high of $35.39. The company has a 50-day simple moving average of $30.21.

Insiders Place Their Bets

In other news, President Craig Colby sold 280,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold 7,699,787 shares of company stock worth $230,912,230 in the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OS. First Horizon Advisors Inc. bought a new stake in Onestream in the third quarter worth $27,000. Point72 Asset Management L.P. bought a new position in Onestream in the 3rd quarter worth about $77,000. RiverPark Advisors LLC purchased a new stake in Onestream during the 3rd quarter valued at about $92,000. Moody National Bank Trust Division bought a new stake in Onestream during the 4th quarter valued at about $200,000. Finally, HighTower Advisors LLC purchased a new position in Onestream in the third quarter worth about $222,000.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.