Onestream, Inc. (NASDAQ:OS) Receives $35.72 Average Target Price from Analysts

Onestream, Inc. (NASDAQ:OS) has earned an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.28.

OS has been the subject of a number of research analyst reports. Scotiabank increased their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Citigroup cut their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Raymond James lifted their price objective on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush assumed coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, BMO Capital Markets cut their price objective on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday.

Onestream Price Performance

NASDAQ OS opened at $24.17 on Monday. Onestream has a 52-week low of $21.75 and a 52-week high of $35.39. The firm has a 50-day moving average price of $29.04 and a 200 day moving average price of $29.89.

Onestream (NASDAQ:OS) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, analysts predict that Onestream will post 0.04 EPS for the current year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Burkland sold 63,608 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 in the last quarter.

Institutional Investors Weigh In On Onestream

Several institutional investors and hedge funds have recently bought and sold shares of the business. Precision Wealth Strategies LLC raised its stake in Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock worth $298,000 after acquiring an additional 484 shares during the period. First Horizon Advisors Inc. bought a new position in shares of Onestream in the third quarter valued at approximately $27,000. Franklin Resources Inc. boosted its holdings in shares of Onestream by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after acquiring an additional 1,238 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Onestream in the third quarter valued at approximately $77,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after buying an additional 2,600 shares in the last quarter.

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.