Onestream (NASDAQ:OS) Given New $35.00 Price Target at Scotiabank

Onestream (NASDAQ:OS - Free Report) had its price objective raised by Scotiabank from $34.00 to $35.00 in a report published on Friday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Onestream in a research report on Monday, August 19th. They set an "overweight" rating and a $30.00 target price for the company. Raymond James raised their target price on Onestream from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Truist Financial reissued a "buy" rating and issued a $37.00 price target (up from $35.00) on shares of Onestream in a report on Wednesday, September 4th. 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 note on Wednesday, September 4th. Finally, Guggenheim boosted their target price 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. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Onestream Trading Down 3.3 %

NASDAQ:OS traded down $1.09 during trading hours on Friday, hitting $32.34. 1,688,116 shares of the company were exchanged, compared to its average volume of 639,867. The company's 50 day moving average is $30.78. Onestream has a 52-week low of $24.50 and a 52-week high of $35.17.

Institutional Investors Weigh In On Onestream

A number of hedge funds have recently modified their holdings of the business. TimesSquare Capital Management LLC purchased a new position in Onestream during the third quarter worth approximately $67,746,000. Seven Grand Managers LLC purchased a new position in shares of Onestream during the 3rd quarter worth $6,780,000. Dakota Wealth Management acquired a new position in shares of Onestream during the 3rd quarter valued at about $2,412,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Onestream in the third quarter valued at about $1,417,000. Finally, Renaissance Capital LLC acquired a new stake in Onestream during the third quarter worth about $1,032,000.

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.