Raymond James Financial Lowers OneStream (NASDAQ:OS) Price Target to $27.00

Key Points

• Raymond James Financial has cut its price target for OneStream from $29.00 to $27.00, while maintaining an "outperform" rating, indicating a potential upside of 37.37% from its current stock price.
• Despite the price target reduction, OneStream has a consensus rating of "Moderate Buy" among analysts, with an average target price of $30.81 and a substantial number of buy ratings.
• Recently, OneStream's stock experienced a decline, trading down 13.4% to $19.66 on Friday, amid significant trading volume of nearly 1.9 million shares.

OneStream (NASDAQ:OS - Free Report) had its price objective lowered by Raymond James Financial from $29.00 to $27.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets cut their price target on OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a report on Friday. Wedbush cut their price target on OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a report on Friday. Morgan Stanley cut their price target on OneStream from $34.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stephens boosted their price target on shares of OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Mizuho decreased their price target on OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, OneStream presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.81.

OneStream Stock Up 1.9%

Shares of OneStream stock traded up $0.37 during mid-day trading on Friday, reaching $19.97. 2,053,662 shares of the stock traded hands, compared to its average volume of 1,456,930. OneStream has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The stock has a market capitalization of $4.77 billion and a PE ratio of -13.40. The business has a 50-day moving average of $26.05 and a 200 day moving average of $24.76.

OneStream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 28.38% and a negative net margin of 45.07%. The firm had revenue of $147.59 million during the quarter, compared to analysts' expectations of $141.10 million. The business's quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

Insider Activity at OneStream

In other news, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $25.12, for a total transaction of $502,400.00. Following the sale, the executive owned 1,003,163 shares in the company, valued at approximately $25,199,454.56. 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 accessible through this link. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $28.26, for a total value of $847,800.00. Following the sale, the director owned 7,130 shares in the company, valued at $201,493.80. This trade represents a 80.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,973 shares of company stock worth $5,300,358 over the last three months. Company insiders own 12.77% of the company's stock.

Institutional Investors Weigh In On OneStream

A number of institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA boosted its holdings in OneStream by 0.3% in the 1st 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 lifted its holdings in OneStream by 4.0% in the first quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after acquiring an additional 454 shares during the period. First Horizon Advisors Inc. lifted its holdings 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 period. IFP Advisors Inc lifted its holdings 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 period. Finally, Norden Group LLC lifted its holdings in OneStream by 3.7% in the first quarter. Norden Group LLC now owns 21,906 shares of the company's stock valued at $467,000 after acquiring an additional 788 shares during the period.

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.