OneStream, Inc. (NASDAQ:OS) Receives $32.05 Consensus Target Price from Brokerages

Key Points

• OneStream, Inc. has received a consensus rating of "Moderate Buy" from 22 ratings firms, with 20 firms recommending a buy and 2 a hold.
• After the company's last quarterly earnings report, which beat estimates, analysts have set an average 12-month target price of $32.05 for OneStream's stock.
• The stock is currently trading at $23.21, significantly below its 52-week high of $35.39, signaling potential growth opportunities for investors.

Shares of OneStream, Inc. (NASDAQ:OS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-two research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.0476.

OS has been the subject of a number of recent research reports. Piper Sandler increased their price target on shares of OneStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Scotiabank restated an "outperform" rating on shares of OneStream in a research report on Thursday, April 24th. Bank of America upped their price objective 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. Stephens raised their price objective on shares of OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, William Blair assumed coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating for the company.

Insider Buying and Selling at OneStream

In other news, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total transaction of $719,000.00. Following the completion of the transaction, the chief financial officer directly owned 253,694 shares of the company's stock, valued at $7,296,239.44. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the firm'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 transaction of $502,400.00. Following the transaction, the executive directly owned 1,003,163 shares of the company's stock, valued at approximately $25,199,454.56. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,973 shares of company stock valued at $5,300,358. Company insiders own 12.77% of the company's stock.

Institutional Trading of OneStream

A number of large investors have recently modified their holdings of OS. Primecap Management Co. CA grew its position in OneStream by 0.3% during the first quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock valued at $3,096,000 after purchasing an additional 400 shares in the last quarter. Arizona State Retirement System grew its position in OneStream by 4.0% during the first quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after purchasing an additional 454 shares in the last quarter. First Horizon Advisors Inc. lifted 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 valued at $46,000 after acquiring an additional 499 shares during the last quarter. IFP Advisors Inc lifted its stake in OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of OneStream by 3.7% during the 1st quarter. Norden Group LLC now owns 21,906 shares of the company's stock worth $467,000 after purchasing an additional 788 shares during the last quarter.

OneStream Trading Down 7.0%

NASDAQ OS traded down $1.64 on Monday, hitting $21.75. 1,977,428 shares of the stock were exchanged, compared to its average volume of 1,407,928. OneStream has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The company has a 50-day moving average price of $26.50 and a 200-day moving average price of $25.02.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $131.08 million. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The business's revenue was up 23.6% on a year-over-year basis. As a group, research analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

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.