The Goldman Sachs Group Has Lowered Expectations for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its target price trimmed by The Goldman Sachs Group from $36.00 to $31.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently weighed in on OS. Citigroup cut their price objective on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research report on Wednesday, February 12th. BMO Capital Markets dropped their price target on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley reduced their price target on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Wedbush assumed coverage on shares of Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Onestream has an average rating of “Moderate Buy” and an average price target of $34.37.

Onestream Stock Performance

OS opened at $21.95 on Friday. The stock’s fifty day simple moving average is $25.37 and its 200 day simple moving average is $28.64. Onestream has a 1-year low of $20.00 and a 1-year high of $35.39.

Onestream (NASDAQ:OS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, research analysts expect that Onestream will post 0.05 earnings per share for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Onestream

A number of hedge funds have recently bought and sold shares of OS. Point72 Asset Management L.P. purchased a new position in shares of Onestream in the 3rd quarter worth about $77,000. SG Americas Securities LLC purchased a new position in Onestream in the fourth quarter valued at approximately $166,000. IFP Advisors Inc bought a new position in Onestream during the fourth quarter valued at $168,000. Moody National Bank Trust Division bought a new stake in shares of Onestream in the fourth quarter valued at $200,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after acquiring an additional 2,600 shares during the period.

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.