Brokerages Set OneStream, Inc. (NASDAQ:OS) Price Target at $25.38

Shares of OneStream, Inc. (NASDAQ:OS) have been assigned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $25.3810.

A number of research analysts recently weighed in on the stock. Mizuho restated a “neutral” rating and issued a $24.00 price objective (down from $25.00) on shares of OneStream in a report on Wednesday, January 7th. Needham & Company LLC cut shares of OneStream from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Loop Capital downgraded shares of OneStream from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, January 7th. Wedbush lowered OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, January 6th. Finally, Wolfe Research cut OneStream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th.

OneStream Trading Up 0.1%

OS opened at $23.78 on Tuesday. The stock’s 50-day moving average price is $23.60 and its 200 day moving average price is $20.80. OneStream has a 12-month low of $16.51 and a 12-month high of $29.66. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -84.93 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $163.73 million during the quarter, compared to the consensus estimate of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.OneStream’s revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. On average, research analysts forecast that OneStream will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In other OneStream news, President Scott Leshinski sold 7,412 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $175,516.16. Following the sale, the president owned 278,458 shares of the company’s stock, valued at $6,593,885.44. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Pamela Mcintyre sold 2,015 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total value of $47,715.20. Following the completion of the sale, the chief accounting officer directly owned 55,800 shares in the company, valued at $1,321,344. This represents a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 255,136 shares of company stock worth $6,016,250 in the last quarter. 12.77% of the stock is owned by company insiders.

Institutional Trading of OneStream

Several hedge funds have recently added to or reduced their stakes in OS. Counterpoint Mutual Funds LLC acquired a new stake in shares of OneStream during the 3rd quarter worth about $480,000. Fortress Investment Group LLC lifted its stake in OneStream by 1,888.5% during the second quarter. Fortress Investment Group LLC now owns 198,846 shares of the company’s stock worth $5,627,000 after purchasing an additional 188,846 shares during the last quarter. Vanguard Group Inc. boosted its holdings in OneStream by 10.1% in the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock valued at $158,606,000 after purchasing an additional 786,408 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in OneStream in the third quarter valued at approximately $6,392,000. Finally, Temasek Holdings Private Ltd increased its stake in OneStream by 44.3% in the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after purchasing an additional 1,310,354 shares during the last quarter.

About OneStream

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.