Onestream (NASDAQ:OS) Stock Price Expected to Rise, Raymond James Analyst Says

Onestream (NASDAQ:OS - Get Free Report) had its target price raised by equities research analysts at Raymond James from $34.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Raymond James' price objective points to a potential upside of 8.23% from the stock's current price.

A number of other research analysts have also issued reports on OS. Baird R W raised shares of Onestream to a "strong-buy" rating in a research note on Thursday, August 1st. Wolfe Research started coverage on Onestream in a research report on Monday, August 19th. They issued an "outperform" rating and a $32.00 target price on the stock. TD Cowen began coverage on Onestream in a research note on Monday, August 19th. They issued a "buy" rating and a $34.00 price target for the company. BTIG Research began coverage on Onestream in a report on Monday, August 19th. They set a "buy" rating and a $37.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Onestream in a report on Monday, August 19th. They issued an "overweight" rating and a $30.00 price objective for the company. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Onestream Stock Performance

Shares of NASDAQ OS traded down $1.09 during midday trading on Friday, hitting $32.34. The company's stock had a trading volume of 1,688,116 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.

Hedge Funds Weigh In On Onestream

Several large investors have recently added to or reduced their stakes in OS. Renaissance Capital LLC bought a new stake in shares of Onestream in the 3rd quarter worth about $1,032,000. Seven Grand Managers LLC bought a new position in Onestream during the 3rd quarter worth approximately $6,780,000. Precision Wealth Strategies LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $338,000. Dakota Wealth Management acquired a new position in shares of Onestream in the 3rd quarter valued at approximately $2,412,000. Finally, US Bancorp DE acquired a new position in Onestream in the 3rd quarter worth $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.