BMO Capital Markets Forecasts Strong Price Appreciation for Onestream (NASDAQ:OS) Stock

Onestream (NASDAQ:OS) had its target price hoisted by equities research analysts at BMO Capital Markets from $29.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 16.73% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group lowered 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. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. Citigroup lowered their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Mizuho initiated coverage on shares of Onestream in a report on Wednesday, April 30th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Raymond James restated an “outperform” rating and issued a $29.00 target price (down from $32.00) on shares of Onestream in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average target price of $32.19.

Onestream Trading Down 0.3%

Shares of NASDAQ OS opened at $28.27 on Thursday. Onestream has a 12 month low of $16.69 and a 12 month high of $35.39. The company has a 50-day simple moving average of $21.88 and a 200-day simple moving average of $26.30.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. The company’s revenue was up 23.6% compared to the same quarter last year. As a group, analysts expect that Onestream will post 0.05 EPS for the current year.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Onestream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voleon Capital Management LP increased its stake in Onestream by 52.7% during the first quarter. Voleon Capital Management LP now owns 66,753 shares of the company’s stock valued at $1,425,000 after purchasing an additional 23,028 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Onestream by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock worth $23,530,000 after acquiring an additional 371,520 shares during the last quarter. Temasek Holdings Private Ltd grew its position in shares of Onestream by 2,206.9% during the first quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company’s stock worth $63,089,000 after acquiring an additional 2,828,209 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Onestream during the first quarter worth about $10,399,000. Finally, Alliancebernstein L.P. grew its position in shares of Onestream by 15.5% during the first quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company’s stock worth $60,761,000 after acquiring an additional 381,601 shares during the last quarter.

About Onestream

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.