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

Onestream, Inc. (NASDAQ:OS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.25.

OS has been the topic of several recent research reports. Truist Financial cut their target price on Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Piper Sandler cut their price objective on Onestream from $37.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th.

Insider Buying and Selling

In other news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Onestream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in shares of Onestream by 19.4% during the 1st quarter. Diversified Trust Co now owns 42,025 shares of the company's stock worth $897,000 after purchasing an additional 6,825 shares during the period. Bessemer Group Inc. increased its holdings in Onestream by 20.1% during the first quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock worth $1,385,000 after buying an additional 10,883 shares during the last quarter. Blue Trust Inc. raised its position in Onestream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock worth $217,000 after acquiring an additional 9,960 shares during the period. Precision Wealth Strategies LLC boosted its stake in Onestream by 37.9% in the first quarter. Precision Wealth Strategies LLC now owns 14,414 shares of the company's stock valued at $308,000 after acquiring an additional 3,963 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in shares of Onestream by 98.4% during 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 during the period.

Onestream Stock Up 0.1 %

Onestream stock opened at $21.29 on Friday. The business has a 50 day moving average of $21.53 and a 200-day moving average of $26.88. Onestream has a 1 year low of $16.69 and a 1 year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results 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. On average, sell-side analysts anticipate that Onestream will post 0.05 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.