Analysts Set OneStream, Inc. (NASDAQ:OS) Target Price at $25.10

OneStream, Inc. (NASDAQ:OS) has received an average rating of “Hold” from the twenty-three brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $25.10.

A number of equities research analysts have weighed in on OS shares. Piper Sandler set a $24.00 target price on OneStream in a report on Monday, February 2nd. Needham & Company LLC downgraded OneStream from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Citigroup downgraded OneStream from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Wolfe Research downgraded OneStream from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, Raymond James Financial downgraded OneStream from an “outperform” rating to a “market perform” rating in a report on Thursday, January 8th.

OneStream Price Performance

Shares of OS opened at $24.00 on Friday. OneStream has a 1 year low of $16.51 and a 1 year high of $29.66. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. The business has a 50-day moving average of $23.70 and a 200-day moving average of $21.33.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business 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%.The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. As a group, sell-side analysts anticipate that OneStream will post 0.05 EPS for the current year.

Insider Activity

In related news, President Scott Leshinski sold 7,412 shares of the business’s 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 completion of the sale, the president directly owned 278,458 shares of the company’s stock, valued at $6,593,885.44. The trade was a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Pamela Mcintyre sold 2,015 shares of the business’s 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 of the company’s stock, valued at $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 248,631 shares of company stock worth $5,862,862 in the last three months. Company insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On OneStream

Several hedge funds and other institutional investors have recently modified their holdings of OS. Advisory Services Network LLC bought a new stake in shares of OneStream during the third quarter valued at approximately $27,000. Rhumbline Advisers bought a new stake in shares of OneStream during the first quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of OneStream by 1,795.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after acquiring an additional 2,532 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of OneStream during the fourth quarter valued at approximately $66,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of OneStream by 53.9% during the fourth quarter. Advisors Asset Management Inc. now owns 3,699 shares of the company’s stock valued at $68,000 after acquiring an additional 1,295 shares in the last quarter.

OneStream Company Profile

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.