Onestream (NASDAQ:OS) Given New $38.00 Price Target at Needham & Company LLC

Onestream (NASDAQ:OS) had its price objective upped by Needham & Company LLC from $35.00 to $38.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on OS. Citigroup initiated coverage on Onestream in a research note on Monday, August 19th. They set a “neutral” rating and a $34.00 price target on the stock. BTIG Research initiated coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $37.00 price target on the stock. Wolfe Research started coverage on Onestream in a research report on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective for the company. Truist Financial reissued a “buy” rating and set a $37.00 price target (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. started coverage on Onestream in a research report on Monday, August 19th. They issued an “overweight” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Onestream Stock Performance

Shares of NASDAQ OS traded down $1.09 during midday trading on Friday, hitting $32.34. 1,688,117 shares of the company’s stock were exchanged, compared to its average volume of 617,432. Onestream has a twelve month low of $24.50 and a twelve month high of $35.17. The firm has a fifty day simple moving average of $30.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OS. TimesSquare Capital Management LLC acquired a new stake in Onestream during the 3rd quarter worth approximately $67,746,000. Primecap Management Co. CA acquired a new position in shares of Onestream in the third quarter worth approximately $9,017,000. Seven Grand Managers LLC acquired a new stake in Onestream during the 3rd quarter valued at approximately $6,780,000. King Luther Capital Management Corp bought a new position in Onestream during the 3rd quarter worth approximately $3,051,000. Finally, Dakota Wealth Management acquired a new position in shares of Onestream in the 3rd quarter worth approximately $2,412,000.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.