OneStream, Inc. (NASDAQ:OS) Receives Average Recommendation of “Hold” from Analysts

OneStream, Inc. (NASDAQ:OS) has received an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.3810.

Several analysts recently commented on OS shares. Capital One Financial set a $24.00 price target on shares of OneStream in a research report on Wednesday, January 7th. Wedbush lowered shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, January 6th. William Blair cut shares of OneStream from an “outperform” rating to a “hold” rating in a report on Tuesday, January 6th. Truist Financial set a $24.00 price target on OneStream in a report on Tuesday, January 6th. Finally, Mizuho restated a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of OneStream in a research report on Wednesday, January 7th.

OneStream Stock Up 0.2%

OS opened at $23.62 on Tuesday. OneStream has a 52 week low of $16.51 and a 52 week high of $29.66. The business’s 50 day moving average is $23.59 and its two-hundred day moving average is $20.73. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of -84.35 and a beta of 1.98.

OneStream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $163.73 million during the quarter, compared to the consensus estimate of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The company’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. Equities 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 120,000 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $23.63, for a total transaction of $2,835,600.00. Following the completion of the sale, the executive directly owned 990,961 shares of the company’s stock, valued at $23,416,408.43. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Pamela Mcintyre sold 6,505 shares of OneStream stock in a transaction on Thursday, January 8th. The shares were 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. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 195,932 shares of company stock worth $4,619,819. 12.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneStream

A number of large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of OneStream in the third quarter valued at about $27,000. Rhumbline Advisers purchased a new position in OneStream during the first quarter worth about $35,000. Advisors Asset Management Inc. lifted its position in OneStream by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after purchasing an additional 585 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in OneStream by 1,795.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after purchasing an additional 2,532 shares in the last quarter. Finally, KBC Group NV purchased a new stake in OneStream in the 2nd quarter valued at approximately $58,000.

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.