Onestream, Inc. (NASDAQ:OS) Given Average Rating of "Moderate Buy" by Analysts

Onestream, Inc. (NASDAQ:OS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-three analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.19.

Several analysts recently commented on OS shares. Piper Sandler upped their target price on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Stephens upped their target price on Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, May 9th. BNP Paribas started coverage on Onestream in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price on the stock. Bank of America upped their target price on Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, William Blair started coverage on Onestream in a report on Tuesday. They issued an "outperform" rating on the stock.

Onestream Price Performance

Shares of NASDAQ OS opened at $28.42 on Wednesday. Onestream has a 12 month low of $16.69 and a 12 month high of $35.39. The stock has a 50-day moving average price of $22.19 and a two-hundred day moving average price of $26.25.

Onestream (NASDAQ:OS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. Onestream's revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts forecast that Onestream will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OS. T. Rowe Price Investment Management Inc. raised its holdings in shares of Onestream by 136.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock valued at $190,731,000 after buying an additional 5,152,719 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Onestream by 53.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after buying an additional 2,234,980 shares in the last quarter. Norges Bank purchased a new position in shares of Onestream during the 4th quarter valued at about $119,214,000. Champlain Investment Partners LLC raised its holdings in shares of Onestream by 17.4% during 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. Finally, Vanguard Group Inc. raised its holdings in shares of Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after buying an additional 1,268,733 shares in the last quarter.

About Onestream

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.