Onestream (NASDAQ:OS - Get Free Report) had its price objective reduced by research analysts at Truist Financial from $37.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 37.97% from the stock's current price.
A number of other brokerages have also recently issued reports on OS. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Stephens started coverage on shares of Onestream in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. BMO Capital Markets lowered their price target on Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut Onestream from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.84.
Read Our Latest Research Report on Onestream
Onestream Price Performance
Shares of OS stock traded up $0.07 during mid-day trading on Monday, hitting $19.57. 770,614 shares of the company's stock were exchanged, compared to its average volume of 1,179,956. Onestream has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The stock has a 50-day simple moving average of $23.02 and a two-hundred day simple moving average of $27.71.
Onestream (NASDAQ:OS - Get Free Report) last announced 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. Equities research analysts expect that Onestream will post 0.05 EPS for the current year.
Insider Transactions at Onestream
In other Onestream news, 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 value of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,000 shares of company stock worth $1,327,300.
Hedge Funds Weigh In On Onestream
Several hedge funds and other institutional investors have recently modified their holdings of OS. JPMorgan Chase & Co. increased its position in Onestream by 5,118.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after acquiring an additional 1,566,276 shares during the period. Geode Capital Management LLC acquired a new position in shares of Onestream during the third quarter valued at $10,331,000. Diversified Trust Co bought a new stake in shares of Onestream during the fourth quarter valued at about $1,004,000. State Street Corp acquired a new stake in Onestream in the third quarter worth about $3,878,000. Finally, Stifel Financial Corp bought a new position in Onestream in the 3rd quarter valued at about $2,030,000.
About Onestream
(
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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.
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