Rosenblatt Securities Begins Coverage on OneStream (NASDAQ:OS)

Equities research analysts at Rosenblatt Securities started coverage on shares of OneStream (NASDAQ:OS) in a research report issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $26.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 40.16% from the company’s previous close.

Several other equities analysts also recently commented on OS. Wedbush lowered their target price on shares of OneStream from $35.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Mizuho decreased their price target on shares of OneStream from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Piper Sandler cut their price objective on OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. BMO Capital Markets lifted their target price on OneStream from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Raymond James Financial dropped their price target on OneStream from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.65.

OneStream Stock Down 10.4%

NASDAQ OS opened at $18.55 on Tuesday. OneStream has a twelve month low of $16.51 and a twelve month high of $32.04. The business has a 50-day moving average price of $19.35 and a 200-day moving average price of $22.50. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -38.65 and a beta of 1.97.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.The company had revenue of $154.30 million for the quarter, compared to the consensus estimate of $148.16 million. During the same quarter last year, the company earned ($1.06) EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. Research analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling at OneStream

In related news, CRO Ken Hohenstein sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total transaction of $747,600.00. Following the transaction, the executive directly owned 997,062 shares in the company, valued at approximately $18,635,088.78. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Kinzer sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,943 shares of company stock worth $2,191,785 over the last quarter. Insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EFG Asset Management North America Corp. acquired a new stake in OneStream in the 2nd quarter worth about $1,408,000. Champlain Investment Partners LLC raised its holdings in shares of OneStream by 17.4% during the first quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company’s stock valued at $86,162,000 after acquiring an additional 598,757 shares during the last quarter. Optimize Financial Inc purchased a new position in shares of OneStream in the first quarter valued at approximately $343,000. Voleon Capital Management LP boosted its stake in shares of OneStream by 52.7% in the first quarter. Voleon Capital Management LP now owns 66,753 shares of the company’s stock worth $1,425,000 after acquiring an additional 23,028 shares during the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in shares of OneStream during the first quarter worth approximately $53,910,000.

OneStream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.