Onestream (NASDAQ:OS) Reaches New 52-Week High After Analyst Upgrade

Shares of Onestream, Inc. (NASDAQ:OS) reached a new 52-week high on Monday after Morgan Stanley raised their price target on the stock from $35.00 to $37.00. Morgan Stanley currently has an equal weight rating on the stock. Onestream traded as high as $35.39 and last traded at $34.94, with a volume of 859996 shares trading hands. The stock had previously closed at $32.34.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Onestream in a report on Monday, August 19th. They issued an “overweight” rating and a $30.00 target price on the stock. Loop Capital initiated coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $35.00 price objective on the stock. Robert W. Baird raised their target price on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Citigroup began coverage on shares of Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 target price on the stock. Finally, Needham & Company LLC increased their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Institutional Investors Weigh In On Onestream

A number of hedge funds and other institutional investors have recently made changes to their positions in OS. TimesSquare Capital Management LLC purchased a new stake in Onestream in the third quarter valued at approximately $67,746,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Onestream during the 3rd quarter valued at $26,493,000. Westfield Capital Management Co. LP acquired a new stake in shares of Onestream during the 3rd quarter worth $20,566,000. Primecap Management Co. CA acquired a new position in Onestream in the third quarter valued at $9,017,000. Finally, Seven Grand Managers LLC purchased a new stake in Onestream during the third quarter valued at about $6,780,000.

Onestream Price Performance

The business has a 50 day moving average price of $30.93.

Onestream Company Profile

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.