Brokerages Set OneStream, Inc. (NASDAQ:OS) Price Target at $32.05

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.

OneStream, Inc. (NASDAQ:OS - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-two brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.0476.

OS has been the subject of several recent research reports. 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. BNP Paribas initiated coverage on OneStream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target for the company. Wedbush dropped their target price on shares of OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Raymond James Financial reiterated an "outperform" rating and set a $29.00 price target (down previously from $32.00) on shares of OneStream in a report on Friday, May 9th. Finally, Truist Financial lowered their price objective on OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th.

Insider Activity

In other news, major shareholder Craig Colby sold 6,279 shares of OneStream stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $177,256.17. Following the transaction, the insider directly owned 212,885 shares in the company, valued at approximately $6,009,743.55. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Kinzer sold 30,000 shares of the stock in a transaction dated 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 sale, the director owned 7,130 shares of the company's stock, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,973 shares of company stock valued at $5,300,358. Insiders own 12.77% of the company's stock.

Institutional Investors Weigh In On OneStream

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new stake in OneStream during the 1st quarter worth $35,000. Fourth Dimension Wealth LLC purchased a new stake in shares of OneStream during the second quarter worth $174,000. IFP Advisors Inc grew its holdings in OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after acquiring an additional 624 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in OneStream in the fourth quarter valued at approximately $214,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of OneStream in the 4th quarter valued at about $238,000.

OneStream Stock Performance

NASDAQ OS traded down $0.01 during mid-day trading on Monday, hitting $23.79. The company's stock had a trading volume of 1,588,383 shares, compared to its average volume of 1,076,878. The company's 50 day simple moving average is $26.71 and its 200 day simple moving average is $25.04. OneStream has a twelve month low of $16.69 and a twelve month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. Sell-side analysts predict that OneStream will post 0.05 earnings per share for the current fiscal year.

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.