Analysts Set Onestream, Inc. (NASDAQ:OS) PT at $34.37

Shares of Onestream, Inc. (NASDAQ:OS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $34.37.

Several research firms have commented on OS. Stephens initiated coverage on shares of Onestream in a report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Guggenheim restated a "buy" rating and set a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley cut their target price on shares of Onestream from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, February 14th.

Onestream Stock Down 10.3 %

OS traded down $2.08 on Tuesday, hitting $18.08. 1,444,015 shares of the company's stock traded hands, compared to its average volume of 1,180,402. The company's 50 day simple moving average is $24.48 and its 200-day simple moving average is $28.35. Onestream has a one year low of $17.96 and a one year high of $35.39.

Remove Ads

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

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Onestream

Institutional investors and hedge funds have recently modified their holdings of the stock. Precision Wealth Strategies LLC increased its holdings in Onestream by 4.9% during the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after purchasing an additional 484 shares during the period. Franklin Resources Inc. increased its stake in shares of Onestream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after buying an additional 1,238 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Onestream by 20.3% in the fourth quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock valued at $254,000 after acquiring an additional 1,500 shares in the last quarter. Woodline Partners LP lifted its stake in Onestream by 1.1% in the fourth quarter. Woodline Partners LP now owns 133,900 shares of the company's stock worth $3,819,000 after acquiring an additional 1,515 shares during the period. Finally, First Trust Advisors LP grew its holdings in Onestream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after acquiring an additional 1,731 shares in the last quarter.

About Onestream

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.