OneStream, Inc. (NASDAQ:OS) Receives $32.19 Consensus Price Target from Analysts

OneStream, Inc. (NASDAQ:OS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-three analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.19.

Several research analysts have weighed in on OS shares. Truist Financial lowered their target price on shares of OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, April 7th. BMO Capital Markets lifted their target price on shares of OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Mizuho upped their price target on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wedbush lowered their price target on OneStream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $29.00 price objective (down previously from $32.00) on shares of OneStream in a report on Friday, May 9th.

OneStream Stock Down 0.2%

Shares of NASDAQ OS traded down $0.05 during midday trading on Thursday, reaching $25.80. 902,820 shares of the stock were exchanged, compared to its average volume of 1,224,933. The company has a 50 day simple moving average of $27.27 and a 200 day simple moving average of $25.49. OneStream has a twelve month low of $16.69 and a twelve month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The company's revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts predict that OneStream will post 0.05 earnings per share for the current year.

Insider Activity

In other OneStream news, major shareholder Craig Colby sold 6,279 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the transaction, the insider owned 212,885 shares in the company, valued at $6,009,743.55. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Anthony Shea sold 9,913 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $279,843.99. Following the completion of the sale, the chief executive officer directly owned 496,854 shares of the company's stock, valued at $14,026,188.42. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,973 shares of company stock worth $4,172,958 over the last three months. Company insiders own 12.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OS. JPMorgan Chase & Co. lifted its holdings in shares of OneStream by 5,118.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after buying an additional 1,566,276 shares during the period. First Trust Advisors LP raised its position in OneStream by 3.4% in the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after acquiring an additional 1,731 shares in the last quarter. Bank of America Corp DE lifted its holdings in OneStream by 350.8% in the fourth quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock valued at $1,040,000 after acquiring an additional 28,379 shares during the period. Rhumbline Advisers purchased a new stake in shares of OneStream during the 1st quarter worth $35,000. Finally, Bessemer Group Inc. grew its stake in shares of OneStream by 20.1% during the 1st quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock worth $1,385,000 after purchasing an additional 10,883 shares during the period.

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.