OneStream, Inc. (NASDAQ:OS) Receives $25.38 Consensus Target Price from Brokerages

Shares of OneStream, Inc. (NASDAQ:OS) have earned a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.3810.

A number of research analysts recently commented on OS shares. Raymond James Financial downgraded OneStream from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 8th. Citigroup downgraded shares of OneStream from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Wolfe Research lowered shares of OneStream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. BMO Capital Markets downgraded shares of OneStream from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $25.00 to $24.00 in a research report on Wednesday, January 7th. Finally, Truist Financial set a $24.00 price target on shares of OneStream in a research note on Tuesday, January 6th.

Insider Buying and Selling

In other OneStream news, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total transaction of $153,387.90. Following the completion of the transaction, the chief accounting officer owned 58,847 shares in the company, valued at approximately $1,387,612.26. The trade was a 9.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Ken Hohenstein sold 120,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $23.63, for a total value of $2,835,600.00. Following the transaction, the executive owned 990,961 shares of the company’s stock, valued at $23,416,408.43. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 255,136 shares of company stock valued at $6,016,250 in the last three months. 12.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneStream

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its position in OneStream by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after buying an additional 585 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of OneStream by 0.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 206,284 shares of the company’s stock worth $3,792,000 after buying an additional 759 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of OneStream by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the company’s stock worth $332,000 after buying an additional 954 shares in the last quarter. Magnetar Financial LLC lifted its stake in shares of OneStream by 12.6% in the 3rd quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock worth $201,000 after acquiring an additional 1,220 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of OneStream by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,007 shares of the company’s stock worth $239,000 after acquiring an additional 1,444 shares during the period.

OneStream Stock Down 0.0%

Shares of OS stock opened at $23.77 on Tuesday. The company has a market cap of $5.80 billion, a P/E ratio of -84.89 and a beta of 1.99. The business has a 50 day moving average of $23.60 and a two-hundred day moving average of $20.82. OneStream has a 52 week low of $16.51 and a 52 week high of $29.66.

OneStream (NASDAQ:OS) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to analysts’ expectations of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

OneStream Company Profile

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.