Onestream (NASDAQ:OS) Price Target Cut to $31.00 by Analysts at The Goldman Sachs Group

Onestream (NASDAQ:OS) had its price objective trimmed by The Goldman Sachs Group from $36.00 to $31.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. JPMorgan Chase & Co. downgraded Onestream from an “overweight” rating to a “neutral” rating and cut their target price for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. BMO Capital Markets reduced their price target on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Citigroup lowered their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Stephens began coverage on shares of Onestream in a report on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 price objective for the company. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.37.

Onestream Stock Performance

Onestream stock opened at $21.95 on Friday. Onestream has a 1 year low of $20.00 and a 1 year high of $35.39. The firm’s 50-day moving average is $25.37 and its 200-day moving average is $28.64.

Onestream (NASDAQ:OS) last issued its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. On average, equities research analysts forecast that Onestream will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently bought and sold shares of OS. Point72 Asset Management L.P. acquired a new stake in shares of Onestream during the 3rd quarter valued at $77,000. SG Americas Securities LLC acquired a new stake in Onestream during the fourth quarter valued at $166,000. IFP Advisors Inc purchased a new position in Onestream in the fourth quarter valued at about $168,000. Moody National Bank Trust Division acquired a new position in Onestream in the 4th quarter worth about $200,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after purchasing an additional 2,600 shares in the last quarter.

About Onestream

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.