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

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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.
  • Want stock alerts on OneStream? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

OneStream (NASDAQ:OS - Free Report) had its price target reduced by Mizuho from $33.00 to $30.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently commented on OS. Citigroup reiterated a "neutral" rating and set a $29.00 price target (up from $27.00) on shares of OneStream in a report on Wednesday, July 16th. Piper Sandler lowered their price target on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday. Scotiabank reiterated an "outperform" rating on shares of OneStream in a report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, BNP Paribas began coverage on shares of OneStream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, OneStream currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.81.

View Our Latest Analysis on OS

OneStream Price Performance

OS traded down $2.10 during midday trading on Friday, reaching $20.12. 5,358,229 shares of the company's stock were exchanged, compared to its average volume of 1,189,788. The stock has a market capitalization of $4.80 billion and a PE ratio of -13.50. The business's 50-day moving average price is $26.22 and its 200 day moving average price is $24.87. OneStream has a 1-year low of $16.69 and a 1-year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $147.59 million during the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative net margin of 45.07% and a negative return on equity of 28.38%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. As a group, analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John Kinzer sold 30,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the completion of the transaction, the director directly owned 7,130 shares in the company, valued at approximately $201,493.80. This represents a 80.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William A. Koefoed sold 25,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares of the company's stock, valued at $5,945,975. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,973 shares of company stock valued at $5,300,358. 12.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OS. Rhumbline Advisers bought a new position in OneStream during the 1st quarter valued at $35,000. First Horizon Advisors Inc. grew its stake in OneStream by 44.9% in the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company's stock worth $46,000 after purchasing an additional 499 shares in the last quarter. KBC Group NV bought a new stake in OneStream in the second quarter valued at about $58,000. IFP Advisors Inc raised its stake in OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after buying an additional 624 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in OneStream during the 2nd quarter worth approximately $174,000.

About OneStream

(Get Free Report)

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.

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