Wedbush Forecasts Onestream's FY2024 Earnings (NASDAQ:OS)

Onestream, Inc. (NASDAQ:OS - Free Report) - Research analysts at Wedbush issued their FY2024 earnings per share estimates for Onestream in a report released on Thursday, December 19th. Wedbush analyst D. Ives anticipates that the company will post earnings of $0.00 per share for the year. Wedbush has a "Outperform" rating and a $40.00 price objective on the stock. The consensus estimate for Onestream's current full-year earnings is $0.05 per share. Wedbush also issued estimates for Onestream's Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.06 EPS, Q2 2026 earnings at $0.07 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.34 EPS.

Other equities analysts have also issued reports about the stock. Piper Sandler upped their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Truist Financial restated a "buy" rating and set a $37.00 price target (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They issued a "buy" rating and a $37.00 price objective on the stock. Needham & Company LLC raised their target price on Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Guggenheim boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $35.83.

Onestream Price Performance

NASDAQ OS traded down $0.16 during trading hours on Monday, reaching $29.50. The company had a trading volume of 966,996 shares, compared to its average volume of 877,043. The firm has a 50-day moving average price of $30.83. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39.

Insider Buying and Selling

In other Onestream news, President Craig Colby sold 280,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 13,765 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Institutional Investors Weigh In On Onestream

A number of institutional investors and hedge funds have recently bought and sold shares of OS. TimesSquare Capital Management LLC acquired a new stake in shares of Onestream in the third quarter valued at approximately $67,746,000. Temasek Holdings Private Ltd acquired a new stake in Onestream during the 3rd quarter worth $37,290,000. Soros Fund Management LLC acquired a new stake in Onestream during the 3rd quarter worth $33,900,000. FMR LLC purchased a new position in Onestream during the 3rd quarter worth $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Onestream in the third quarter valued at $26,493,000.

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.