Onestream (NASDAQ:OS) Price Target Cut to $27.00 by Analysts at Morgan Stanley

Onestream (NASDAQ:OS - Free Report) had its price target decreased by Morgan Stanley from $34.00 to $27.00 in a research report report published on Wednesday morning, MarketBeat Ratings reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on OS. Stephens began coverage on shares of Onestream in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 target price on the stock. BMO Capital Markets cut their target price on Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped their price objective on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Onestream has an average rating of "Moderate Buy" and an average target price of $33.47.

Onestream Stock Down 5.1 %

OS traded down $1.00 on Wednesday, hitting $18.66. The company had a trading volume of 836,518 shares, compared to its average volume of 1,166,152. Onestream has a 1-year low of $15.51 and a 1-year high of $35.39. The company's fifty day moving average price is $22.00 and its 200 day moving average price is $27.19.

Onestream (NASDAQ:OS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Research analysts forecast that Onestream will post 0.05 EPS for the current year.

Insider Activity at Onestream

In other news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Onestream

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Onestream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after buying an additional 9,960 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Onestream by 37.9% during the first quarter. Precision Wealth Strategies LLC now owns 14,414 shares of the company's stock worth $308,000 after acquiring an additional 3,963 shares during the period. Azzad Asset Management Inc. ADV lifted its position in Onestream by 98.4% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 52,867 shares of the company's stock valued at $1,128,000 after acquiring an additional 26,223 shares in the last quarter. West Paces Advisors Inc. boosted its stake in Onestream by 212,670.0% in the 1st quarter. West Paces Advisors Inc. now owns 85,108 shares of the company's stock worth $1,816,000 after purchasing an additional 85,068 shares during the period. Finally, Portside Wealth Group LLC increased its holdings in Onestream by 36.3% during the 1st quarter. Portside Wealth Group LLC now owns 20,191 shares of the company's stock worth $431,000 after purchasing an additional 5,372 shares in the last quarter.

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.