OneStream (NASDAQ:OS) Price Target Lowered to $30.00 at Mizuho

Key Points

• Mizuho has lowered its price target for OneStream (NASDAQ:OS) from $33.00 to $30.00, while maintaining an "outperform" rating, indicating a potential upside of 35.01% from the company's previous close.
• OneStream's stock has been rated with a consensus of "Moderate Buy" by analysts, with an average target price of $31.38 amidst fluctuating target prices from various research firms.
• The company reported a quarterly revenue of $147.59 million, representing a 25.6% increase compared to the same quarter last year, exceeding the consensus estimate of $141.10 million.

OneStream (NASDAQ:OS - Free Report) had its price target lowered by Mizuho from $33.00 to $30.00 in a research note published on Friday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on OS. BMO Capital Markets reduced their price target on shares of OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday. Wedbush reduced their price target on shares of OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Stephens raised their price target on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Citigroup restated a "neutral" rating and issued a $29.00 price target (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Finally, Bank of America raised their price target on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, OneStream has a consensus rating of "Moderate Buy" and an average target price of $30.81.

OneStream Trading Up 2.8%

NASDAQ:OS traded up $0.54 during trading hours on Friday, hitting $20.14. The stock had a trading volume of 1,143,505 shares, compared to its average volume of 1,450,051. OneStream has a 1-year low of $16.69 and a 1-year high of $35.39. The business has a 50 day simple moving average of $26.05 and a two-hundred day simple moving average of $24.76. The company has a market cap of $4.81 billion and a PE ratio of -13.53.

OneStream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $147.59 million during the quarter, compared to analysts' expectations of $141.10 million. OneStream had a negative return on equity of 28.38% and a negative net margin of 45.07%. OneStream's revenue for the quarter was up 25.6% on a year-over-year basis. 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 20,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $25.12, for a total value of $502,400.00. Following the completion of the sale, the executive directly owned 1,003,163 shares in the company, valued at approximately $25,199,454.56. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the sale, the insider owned 212,885 shares of the company's stock, valued at approximately $6,009,743.55. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,973 shares of company stock worth $5,300,358 over the last quarter. Insiders own 12.77% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its position in shares of OneStream by 136.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock valued at $190,731,000 after purchasing an additional 5,152,719 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of OneStream by 53.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after purchasing an additional 2,234,980 shares during the period. Champlain Investment Partners LLC boosted its stake in OneStream by 17.4% in the 1st quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock valued at $86,162,000 after buying an additional 598,757 shares in the last quarter. Temasek Holdings Private Ltd boosted its stake in OneStream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock valued at $63,089,000 after buying an additional 2,828,209 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in OneStream by 15.5% in the 1st quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company's stock valued at $60,761,000 after buying an additional 381,601 shares in the last quarter.

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.