OneStream, Inc. (NASDAQ:OS) Receives $32.19 Average Price Target from Brokerages

Shares of OneStream, Inc. (NASDAQ:OS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-three analysts that are presently covering the company, 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 1-year target price among analysts that have issued ratings on the stock in the last year is $32.19.

Several equities research analysts have issued reports on OS shares. The Goldman Sachs Group decreased their price target on shares of OneStream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Mizuho raised their target price on shares of OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Stephens raised their target price 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. Piper Sandler raised their target price on shares of OneStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Truist Financial decreased their target price on shares of OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th.

OneStream Stock Performance

NASDAQ:OS traded down $0.71 during mid-day trading on Thursday, hitting $25.09. 385,040 shares of the company's stock traded hands, compared to its average volume of 1,221,513. OneStream has a 1 year low of $16.69 and a 1 year high of $35.39. The firm's 50 day simple moving average is $27.35 and its 200 day simple moving average is $25.46.

OneStream (NASDAQ:OS - Get Free Report) last released its quarterly 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. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The company had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, research analysts expect that OneStream will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OneStream news, CRO Ken Hohenstein sold 20,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $28.28, for a total transaction of $565,600.00. Following the completion of the sale, the executive owned 1,003,163 shares in the company, valued at $28,369,449.64. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Kinzer sold 30,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the sale, the director owned 7,130 shares of the company's stock, valued at approximately $201,493.80. The trade was a 80.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,973 shares of company stock valued at $4,172,958. 12.77% of the stock is owned by insiders.

Hedge Funds Weigh In On OneStream

Several hedge funds and other institutional investors have recently modified their holdings of OS. Bank of New York Mellon Corp acquired a new position in shares of OneStream during the fourth quarter valued at $239,000. Charles Schwab Investment Management Inc. lifted its holdings in OneStream by 54.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,138 shares of the company's stock worth $7,277,000 after purchasing an additional 89,431 shares during the period. Arizona State Retirement System acquired a new stake in OneStream in the fourth quarter worth about $322,000. PNC Financial Services Group Inc. lifted its holdings in OneStream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after purchasing an additional 2,600 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in OneStream by 149.0% in the fourth quarter. King Luther Capital Management Corp now owns 224,068 shares of the company's stock worth $6,390,000 after purchasing an additional 134,068 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.