Onestream (NASDAQ:OS) Given New $38.00 Price Target at Needham & Company LLC

Onestream (NASDAQ:OS - Get Free Report) had its price target upped by equities research analysts at Needham & Company LLC from $35.00 to $38.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price target would indicate a potential upside of 17.50% from the stock's previous close.

A number of other brokerages have also weighed in on OS. Bank of America raised their price objective on Onestream from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Guggenheim raised their price target on shares of Onestream from $34.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. TD Cowen initiated coverage on Onestream in a research report on Monday, August 19th. They issued a "buy" rating and a $34.00 target price for the company. Truist Financial reiterated a "buy" rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Finally, Morgan Stanley initiated coverage on shares of Onestream in a research report on Monday, August 19th. They issued an "equal weight" rating and a $29.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Onestream Price Performance

NASDAQ:OS traded down $1.09 during mid-day trading on Friday, hitting $32.34. The company had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. Onestream has a 1 year low of $24.50 and a 1 year high of $35.17. The business has a fifty day simple moving average of $30.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in Onestream in the 3rd quarter valued at $92,000. Precision Wealth Strategies LLC bought a new stake in Onestream during the 3rd quarter worth about $338,000. Atria Investments Inc acquired a new position in shares of Onestream during the 3rd quarter worth about $425,000. Finally, US Bancorp DE bought a new position in shares of Onestream in the 3rd quarter valued at about $569,000.

About Onestream

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.