Mizuho Increases Onestream (NASDAQ:OS) Price Target to $33.00

Onestream (NASDAQ:OS) had its price target hoisted by analysts at Mizuho from $30.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 16.73% from the company’s current price.

Several other research analysts also recently commented on the stock. Raymond James reissued an “outperform” rating and set a $29.00 price objective (down previously from $32.00) on shares of Onestream in a report on Friday, May 9th. Bank of America increased their price objective on shares of Onestream from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup dropped their price objective 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. Wedbush decreased their target price on shares of Onestream from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Finally, Scotiabank restated an “outperform” rating on shares of Onestream in a research report on Thursday, April 24th. Two 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.19.

Onestream Price Performance

OS opened at $28.27 on Thursday. The firm has a 50-day simple moving average of $21.88 and a two-hundred day simple moving average of $26.30. Onestream has a 52 week low of $16.69 and a 52 week high of $35.39.

Onestream (NASDAQ:OS) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. Onestream’s revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts anticipate that Onestream will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Onestream

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new position in Onestream in the 1st quarter worth about $35,000. SG Americas Securities LLC bought a new position in shares of Onestream during the fourth quarter valued at approximately $166,000. IFP Advisors Inc bought a new position in shares of Onestream during the fourth quarter valued at approximately $168,000. Moody National Bank Trust Division bought a new position in shares of Onestream during the fourth quarter valued at approximately $200,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after purchasing an additional 2,600 shares in 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.