Onestream (NASDAQ:OS) Price Target Lowered to $34.00 at BMO Capital Markets

Onestream (NASDAQ:OS) had its target price reduced by stock analysts at BMO Capital Markets from $38.00 to $34.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 39.00% from the company’s previous close.

A number of other equities analysts have also commented on the company. Piper Sandler boosted their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective on the stock. Wedbush assumed coverage on shares of Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $26.00 in a research report on Wednesday. Finally, Robert W. Baird raised their price target on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.28.

Onestream Price Performance

Shares of OS stock opened at $24.46 on Wednesday. Onestream has a 12-month low of $21.75 and a 12-month high of $35.39. The firm has a 50-day moving average price of $28.91 and a 200 day moving average price of $29.85.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. On average, research analysts predict that Onestream will post 0.04 EPS for the current year.

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Craig Colby sold 280,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold a total of 7,709,787 shares of company stock valued at $231,177,930 in the last ninety days.

Hedge Funds Weigh In On Onestream

Several institutional investors have recently modified their holdings of OS. First Horizon Advisors Inc. bought a new stake in Onestream in the 3rd quarter valued at $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Onestream in the 3rd quarter valued at about $77,000. RiverPark Advisors LLC bought a new stake in shares of Onestream in the third quarter valued at about $92,000. SG Americas Securities LLC acquired a new position in shares of Onestream during the fourth quarter worth about $166,000. Finally, IFP Advisors Inc bought a new position in shares of Onestream during the fourth quarter worth about $168,000.

About Onestream

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.