Onestream (NASDAQ:OS) Hits New 52-Week High on Analyst Upgrade

Onestream, Inc. (NASDAQ:OS)’s stock price reached a new 52-week high on Monday after Needham & Company LLC raised their price target on the stock from $35.00 to $38.00. Needham & Company LLC currently has a buy rating on the stock. Onestream traded as high as $35.39 and last traded at $34.94, with a volume of 859996 shares changing hands. The stock had previously closed at $32.34.

Other analysts also recently issued reports about the company. BTIG Research began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 target price for the company. Scotiabank upped their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday. Bank of America upped their price objective on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. TD Cowen began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $34.00 price objective for the company. Finally, Citigroup began coverage on Onestream in a research report on Monday, August 19th. They set a “neutral” rating and a $34.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Institutional Investors Weigh In On Onestream

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the third quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in Onestream during the third quarter worth approximately $92,000. Precision Wealth Strategies LLC acquired a new stake in Onestream during the third quarter worth approximately $338,000. Atria Investments Inc acquired a new stake in Onestream during the third quarter worth approximately $425,000. Finally, US Bancorp DE acquired a new stake in Onestream during the third quarter worth approximately $569,000.

Onestream Price Performance

The business has a 50 day moving average of $30.88.

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.