Analysts Set OneStream, Inc. (NASDAQ:OS) PT at $29.94

Key Points

• OneStream, Inc. has received an average recommendation of "Moderate Buy" from eighteen brokerages, with 16 assigning buy ratings and 2 recommending hold.
• Following recent analyst updates, the average twelve-month price target for the stock is set at $29.94, indicating potential growth despite fluctuations in individual price targets.
• Despite a 2.4% drop in stock value, OneStream reported a strong quarterly performance with a revenue increase of 25.6% year-over-year, surpassing analysts' expectations.

Shares of OneStream, Inc. (NASDAQ:OS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.9412.

OS has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Piper Sandler reduced their price objective on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Wedbush reduced their price objective on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. William Blair started coverage on shares of OneStream in a research note on Tuesday, May 20th. They issued an "outperform" rating for the company. Finally, Stephens lifted 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.

Insider Activity at OneStream

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of OneStream stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares in the company, valued at approximately $5,945,975. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Craig Colby sold 6,279 shares of OneStream stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,256.17. Following the transaction, the insider owned 212,885 shares of the company's stock, valued at approximately $6,009,743.55. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,973 shares of company stock valued at $4,459,158 in the last quarter. 12.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneStream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Department of Treasury acquired a new position in OneStream during the second quarter worth about $212,000. Vident Advisory LLC purchased a new stake in OneStream in the second quarter valued at approximately $222,000. Voleon Capital Management LP grew its holdings in OneStream by 22.5% in the second quarter. Voleon Capital Management LP now owns 81,765 shares of the company's stock valued at $2,314,000 after purchasing an additional 15,012 shares during the period. Wasatch Advisors LP purchased a new stake in OneStream in the second quarter valued at approximately $35,882,000. Finally, Sculptor Capital LP purchased a new stake in OneStream in the second quarter valued at approximately $9,905,000.

OneStream Stock Down 0.7%

Shares of NASDAQ OS traded down $0.15 during midday trading on Friday, hitting $19.96. The company had a trading volume of 1,106,382 shares, compared to its average volume of 2,113,051. OneStream has a twelve month low of $16.69 and a twelve month high of $35.39. The business has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $23.82. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -13.40 and a beta of 2.30.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The firm had revenue of $147.59 million during the quarter, compared to analysts' expectations of $141.10 million. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, equities analysts forecast that OneStream will post 0.05 EPS for the current 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.