Scotiabank Estimates Onestream’s FY2024 Earnings (NASDAQ:OS)

Onestream, Inc. (NASDAQ:OS) – Stock analysts at Scotiabank issued their FY2024 earnings estimates for shares of Onestream in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann expects that the company will post earnings of $0.07 per share for the year. Scotiabank has a “Sector Outperform” rating and a $35.00 price objective on the stock. The consensus estimate for Onestream’s current full-year earnings is $0.05 per share. Scotiabank also issued estimates for Onestream’s FY2025 earnings at $0.12 EPS.

Several other brokerages have also recently weighed in on OS. The Goldman Sachs Group started coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target on the stock. Needham & Company LLC increased their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price target on shares of Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler upped their target price on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.83.

Onestream Stock Performance

NASDAQ:OS opened at $27.14 on Monday. The company’s fifty day moving average is $30.21. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Hedge Funds Weigh In On Onestream

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new position in Onestream in the third quarter worth about $27,000. Point72 Asset Management L.P. bought a new stake in Onestream during the third quarter valued at approximately $77,000. RiverPark Advisors LLC purchased a new stake in Onestream during the third quarter valued at approximately $92,000. HighTower Advisors LLC bought a new position in Onestream in the third quarter worth approximately $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Onestream during the 3rd quarter worth $325,000.

Insiders Place Their Bets

In other Onestream news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Craig Colby sold 280,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock worth $230,912,230 over the last three months.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.