Brokerages Set OneStream, Inc. (NASDAQ:OS) Price Target at $29.94

OneStream, Inc. (NASDAQ:OS) has been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $29.9412.

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $29.00 price objective (up previously from $27.00) on shares of OneStream in a report on Wednesday, July 16th. Wedbush dropped their price target on OneStream from $35.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Mizuho lowered their target price on OneStream from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Piper Sandler lowered their target price on OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Morgan Stanley restated an “overweight” rating on shares of OneStream in a research report on Friday, September 19th.

Insider Activity at OneStream

In related news, CRO Ken Hohenstein sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total value of $747,600.00. Following the completion of the sale, the executive owned 997,062 shares of the company’s stock, valued at $18,635,088.78. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 8,943 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.03, for a total transaction of $170,185.29. Following the completion of the sale, the chief financial officer directly owned 221,983 shares of the company’s stock, valued at approximately $4,224,336.49. This represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,943 shares of company stock valued at $3,076,385 over the last quarter. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OS. Norges Bank acquired a new stake in shares of OneStream during the 2nd quarter worth approximately $179,524,000. T. Rowe Price Investment Management Inc. grew its holdings in OneStream by 136.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company’s stock worth $190,731,000 after acquiring an additional 5,152,719 shares during the period. Temasek Holdings Private Ltd grew its holdings in OneStream by 2,206.9% during the 1st 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 period. Alkeon Capital Management LLC acquired a new stake in OneStream during the 1st quarter worth $53,910,000. Finally, Brown Advisory Inc. grew its holdings in OneStream by 16,651.6% during the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company’s stock worth $52,174,000 after acquiring an additional 2,430,302 shares during the period.

OneStream Price Performance

OneStream stock opened at $19.49 on Tuesday. The firm has a market capitalization of $4.73 billion, a P/E ratio of -13.08 and a beta of 2.30. The stock has a fifty day moving average price of $21.20 and a two-hundred day moving average price of $23.34. OneStream has a 52-week low of $16.69 and a 52-week high of $35.39.

OneStream (NASDAQ:OS) last announced its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $147.59 million during the quarter, compared to analysts’ expectations of $141.10 million. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, equities research analysts predict that OneStream will post 0.05 EPS for the current fiscal year.

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.