Onestream, Inc. (NASDAQ:OS) Receives $34.31 Consensus Target Price from Analysts

Onestream, Inc. (NASDAQ:OS) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $34.31.

Several research firms recently weighed in on OS. Raymond James boosted their price objective on shares of Onestream from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Citigroup initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set a “neutral” rating and a $34.00 target price for the company. BMO Capital Markets initiated coverage on shares of Onestream in a research report on Monday, September 23rd. They set an “outperform” rating and a $38.00 target price for the company. Needham & Company LLC upped their target price on shares of Onestream from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set an “equal weight” rating and a $29.00 target price for the company.

Hedge Funds Weigh In On Onestream

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $338,000. Atria Investments Inc acquired a new position in shares of Onestream during the 3rd quarter worth about $425,000. US Bancorp DE acquired a new position in shares of Onestream during the 3rd quarter worth about $569,000. Portside Wealth Group LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $593,000. Finally, Renaissance Capital LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $1,032,000.

Onestream Price Performance

OS stock opened at $29.10 on Friday. The stock has a 50 day moving average of $30.68. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.17.

About Onestream

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.