Onestream (NASDAQ:OS) Price Target Raised to $33.00

Onestream (NASDAQ:OS) had its target price upped by Bank of America from $29.00 to $33.00 in a research report released on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Mizuho initiated coverage on Onestream in a research note on Wednesday, April 30th. They issued an “outperform” rating and a $30.00 price target on the stock. Citigroup decreased their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. BMO Capital Markets decreased their price target on Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Onestream currently has an average rating of “Moderate Buy” and a consensus target price of $32.19.

Onestream Stock Performance

Onestream stock opened at $28.27 on Wednesday. The stock’s fifty day moving average price is $21.88 and its two-hundred day moving average price is $26.30. Onestream has a one year low of $16.69 and a one year high of $35.39.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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. The business’s revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts forecast that Onestream will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in Onestream in the 1st quarter valued at about $35,000. IFP Advisors Inc increased its holdings in Onestream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company’s stock worth $139,000 after purchasing an additional 624 shares in the last quarter. SG Americas Securities LLC bought a new stake in Onestream during the 4th quarter worth approximately $166,000. Moody National Bank Trust Division bought a new stake in Onestream during the 4th quarter worth approximately $200,000. Finally, PNC Financial Services Group Inc. increased its holdings in Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after purchasing an additional 2,600 shares in the last quarter.

Onestream Company Profile

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.