Onestream, Inc. (NASDAQ:OS) Receives $34.37 Consensus Target Price from Analysts

Shares of Onestream, Inc. (NASDAQ:OS) have earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $34.37.

OS has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 28th. Wedbush initiated coverage on shares of Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. 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. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, BMO Capital Markets reduced their price target 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.

Insider Transactions at Onestream

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. purchased a new position in Onestream during the third quarter worth about $5,617,000. FMR LLC purchased a new stake in Onestream during the third quarter valued at about $29,381,000. Verition Fund Management LLC purchased a new position in shares of Onestream in the 3rd quarter worth about $341,000. Holocene Advisors LP purchased a new stake in shares of Onestream during the 3rd quarter worth about $6,950,000. Finally, HighTower Advisors LLC purchased a new stake in Onestream during the third quarter worth approximately $222,000.

Onestream Stock Performance

OS stock opened at $20.16 on Tuesday. The firm’s fifty day moving average is $24.73 and its 200 day moving average is $28.43. Onestream has a one year low of $19.98 and a one year high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, research analysts expect that Onestream will post 0.05 earnings per share for the current fiscal year.

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.