Onestream, Inc. (NASDAQ:OS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Onestream, Inc. (NASDAQ:OS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $34.31.

Several research firms recently issued reports on OS. Needham & Company LLC raised their price objective on shares of Onestream from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Wolfe Research started coverage on Onestream in a report on Monday, August 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. TD Cowen began coverage on Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $34.00 target price for the company. Raymond James lifted their target price on Onestream from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, September 4th. Finally, BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price target for the company.

Hedge Funds Weigh In On Onestream

A number of large investors have recently bought and sold shares of the company. Seven Grand Managers LLC purchased a new stake in shares of Onestream in the third quarter valued at approximately $6,780,000. Dakota Wealth Management acquired a new position in shares of Onestream during the 3rd quarter worth $2,412,000. Harbor Capital Advisors Inc. purchased a new position in shares of Onestream in the 3rd quarter valued at about $1,417,000. Renaissance Capital LLC acquired a new stake in shares of Onestream in the third quarter valued at about $1,032,000. Finally, Portside Wealth Group LLC purchased a new stake in Onestream during the third quarter worth about $593,000.

Onestream Stock Up 1.5 %

Shares of OS traded up $0.45 during midday trading on Friday, reaching $29.97. The company had a trading volume of 579,719 shares, compared to its average volume of 644,291. Onestream has a 1-year low of $24.50 and a 1-year high of $35.17. The business has a 50 day simple moving average of $30.68.

Onestream Company Profile

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.