Onestream (NASDAQ:OS) Now Covered by Analysts at Stephens

Analysts at Stephens began coverage on shares of Onestream (NASDAQ:OS) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $27.00 price target on the stock. Stephens’ price target indicates a potential upside of 21.79% from the stock’s previous close.

OS has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Citigroup decreased their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Guggenheim reaffirmed a “buy” rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, Morgan Stanley decreased their price target on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and an average target price of $34.68.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $22.17 on Wednesday. The business has a fifty day moving average of $25.90 and a two-hundred day moving average of $28.90. Onestream has a 52-week low of $20.00 and a 52-week high of $35.39.

Onestream (NASDAQ:OS) last issued its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, analysts expect that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Onestream

Several hedge funds and other institutional investors have recently made changes to their positions in OS. Atria Investments Inc purchased a new position in shares of Onestream in the 3rd quarter valued at about $425,000. First Horizon Advisors Inc. acquired a new stake in shares of Onestream during the 3rd quarter worth about $27,000. King Luther Capital Management Corp acquired a new stake in shares of Onestream during the 3rd quarter worth about $3,051,000. Primecap Management Co. CA acquired a new stake in shares of Onestream during the 3rd quarter worth about $9,017,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Onestream during the 3rd quarter worth about $26,493,000.

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.