Stephens Begins Coverage on Onestream (NASDAQ:OS)

Investment analysts at Stephens initiated coverage on shares of Onestream (NASDAQ:OS - Get Free Report) in a report issued on Wednesday, Marketbeat reports. The brokerage set an "overweight" rating and a $27.00 price target on the stock. Stephens' price objective would indicate a potential upside of 20.00% from the stock's current price.

OS has been the topic of a number of other research reports. Morgan Stanley dropped their price target on shares of Onestream from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Citigroup dropped their target price on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group assumed coverage on shares of Onestream in a research report on Wednesday, December 11th. They set a "buy" rating and a $37.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped their target price on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.68.

Remove Ads

Onestream Trading Up 1.5 %

Shares of NASDAQ:OS traded up $0.33 during trading on Wednesday, reaching $22.50. The stock had a trading volume of 1,454,934 shares, compared to its average volume of 1,164,532. Onestream has a 52 week low of $20.00 and a 52 week high of $35.39. The stock has a fifty day simple moving average of $25.81 and a two-hundred day simple moving average of $28.83.

Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Equities analysts anticipate that Onestream will post 0.05 EPS for the current year.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Onestream during the 4th quarter worth about $119,214,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Onestream by 3.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock valued at $107,948,000 after acquiring an additional 115,176 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after acquiring an additional 1,268,733 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Onestream in the 4th quarter valued at about $98,076,000. Finally, Alliancebernstein L.P. increased its stake in shares of Onestream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after acquiring an additional 1,357,860 shares during the last quarter.

Onestream Company Profile

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.