Truist Financial Issues Pessimistic Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its target price decreased by equities research analysts at Truist Financial from $37.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 51.69% from the stock’s previous close.

Several other research firms also recently issued reports on OS. Morgan Stanley dropped their target price on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. Stephens assumed coverage on shares of Onestream in a report on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.84.

Onestream Stock Down 1.5 %

Shares of OS stock traded down $0.28 on Monday, hitting $17.80. 46,178 shares of the stock were exchanged, compared to its average volume of 1,174,077. Onestream has a one year low of $16.66 and a one year high of $35.39. The firm’s 50 day moving average is $24.48 and its two-hundred day moving average is $28.31.

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

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Onestream

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Onestream during the 4th quarter valued at $119,214,000. Champlain Investment Partners LLC purchased a new stake in shares of Onestream during the fourth quarter worth about $98,076,000. JPMorgan Chase & Co. boosted its holdings in shares of Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the period. Alliancebernstein L.P. grew its stake in shares of Onestream by 122.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after purchasing an additional 1,357,860 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Onestream by 51.2% during the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock valued at $106,852,000 after buying an additional 1,268,733 shares during the period.

Onestream Company Profile

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.