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

OneStream, Inc. (NASDAQ:OS) has received an average recommendation of “Hold” from the twenty-four brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.3810.

OS has been the subject of several recent analyst reports. Raymond James Financial cut shares of OneStream from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 8th. Morgan Stanley restated an “equal weight” rating and set a $24.00 price objective (down from $27.00) on shares of OneStream in a research note on Wednesday, January 7th. William Blair downgraded shares of OneStream from an “outperform” rating to a “hold” rating in a research note on Tuesday, January 6th. Piper Sandler set a $24.00 price target on shares of OneStream in a report on Monday, February 2nd. Finally, Needham & Company LLC downgraded shares of OneStream from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th.

Insiders Place Their Bets

In related news, CRO Ken Hohenstein sold 60,000 shares of OneStream stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total value of $1,407,600.00. Following the completion of the sale, the executive directly owned 990,961 shares in the company, valued at approximately $23,247,945.06. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 9,571 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $17.73, for a total value of $169,693.83. Following the completion of the transaction, the chief financial officer directly owned 206,127 shares of the company’s stock, valued at approximately $3,654,631.71. This trade represents a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 236,076 shares of company stock valued at $5,254,682. Corporate insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in OneStream in the third quarter worth approximately $27,000. Rhumbline Advisers bought a new position in shares of OneStream during the 1st quarter valued at $35,000. Advisors Asset Management Inc. lifted its holdings in shares of OneStream by 68.3% during 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 during the period. First Horizon Advisors Inc. boosted its stake in shares of OneStream by 44.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after buying an additional 499 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of OneStream by 1,795.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock worth $49,000 after acquiring an additional 2,532 shares during the period.

OneStream Stock Up 0.1%

Shares of OS opened at $23.60 on Friday. The stock has a market cap of $5.75 billion, a P/E ratio of -49.17 and a beta of 2.05. The business’s 50 day moving average price is $22.38 and its 200-day moving average price is $20.42. 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 data on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.The business had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, equities analysts anticipate that OneStream will post 0.05 EPS for the current 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.