BMO Capital Markets Lowers OneStream (NASDAQ:OS) Price Target to $28.00

Key Points

• BMO Capital Markets has lowered its price target for OneStream from $33.00 to $28.00, suggesting a potential upside of 26.01% from the current stock price.
• OneStream's stock price is currently down 5.0% and opened at $22.22, with a 52-week range between $16.69 and $35.39.
• Despite the price target adjustments, two investment analysts have rated the stock with a hold rating, while twenty others have given it a buy rating, contributing to a consensus rating of "Moderate Buy."

OneStream (NASDAQ:OS - Get Free Report) had its price target decreased by analysts at BMO Capital Markets from $33.00 to $28.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 40.18% from the company's current price.

A number of other analysts have also recently issued reports on OS. BNP Paribas started coverage on OneStream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. Mizuho lifted their price objective on OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Citigroup reissued a "neutral" rating and set a $29.00 price objective (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. William Blair started coverage on OneStream in a research report on Tuesday, May 20th. They set an "outperform" rating for the company. Finally, Stephens lifted their price objective on OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.81.

OneStream Trading Up 1.9%

Shares of NASDAQ OS traded up $0.38 during mid-day trading on Friday, reaching $19.98. The company had a trading volume of 949,455 shares, compared to its average volume of 1,449,172. The stock has a market cap of $4.77 billion and a PE ratio of -13.38. The company has a 50-day moving average price of $26.05 and a two-hundred day moving average price of $24.76. OneStream has a 1-year low of $16.69 and a 1-year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $147.59 million for the quarter, compared to analysts' expectations of $141.10 million. OneStream had a negative return on equity of 28.38% and a negative net margin of 45.07%. OneStream's revenue was up 25.6% compared to the same quarter last year. On average, research analysts expect that OneStream will post 0.05 EPS for the current year.

Insider Transactions at OneStream

In other OneStream news, CEO Thomas Anthony Shea sold 9,913 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the completion of the sale, the chief executive officer owned 496,854 shares in the company, valued at approximately $14,026,188.42. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were 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 of the company's stock, valued at $25,199,454.56. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,973 shares of company stock worth $5,300,358 in the last quarter. 12.77% of the stock is owned by corporate insiders.

Institutional Trading of OneStream

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new position in OneStream in the 1st quarter worth $35,000. First Horizon Advisors Inc. boosted its stake in OneStream by 44.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company's stock worth $46,000 after purchasing an additional 499 shares during the period. KBC Group NV acquired a new position in OneStream in the 2nd quarter worth $58,000. IFP Advisors Inc boosted its stake in OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in OneStream in the 2nd quarter worth $174,000.

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.