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

Onestream, Inc. (NASDAQ:OS) – Analysts at Wedbush issued their FY2024 earnings estimates for shares of Onestream in a report issued on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will post earnings per share of $0.00 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 recently issued reports about the company. Morgan Stanley increased their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. BMO Capital Markets assumed coverage on shares of Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price on the stock. 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 for the company. Piper Sandler boosted their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Robert W. Baird raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.83.

Onestream Stock Performance

OS opened at $29.66 on Monday. The business’s fifty day simple moving average is $30.85. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Institutional Trading of Onestream

A number of institutional investors have recently modified their holdings of OS. Renaissance Capital LLC acquired a new stake in shares of Onestream in the third quarter valued at approximately $1,032,000. US Bancorp DE bought a new position in Onestream in the third quarter valued at $569,000. Temasek Holdings Private Ltd bought a new position in Onestream in the third quarter valued at $37,290,000. Townsquare Capital LLC acquired a new stake in Onestream in the 3rd quarter valued at $3,667,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Onestream during the 3rd quarter worth about $5,617,000.

Insider Buying and Selling at Onestream

In related news, President Craig Colby sold 280,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

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.