Onestream (NASDAQ:OS) Coverage Initiated at Mizuho

Equities researchers at Mizuho initiated coverage on shares of Onestream (NASDAQ:OS) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Mizuho’s price target points to a potential upside of 35.99% from the company’s previous close.

A number of other research analysts have also commented on OS. The Goldman Sachs Group cut their target price on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Citigroup dropped their price target on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Scotiabank restated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. BNP Paribas assumed coverage on Onestream in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $30.00 target price for the company. Finally, 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. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Onestream Trading Up 3.1 %

Onestream stock opened at $22.06 on Wednesday. The business’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $26.66. Onestream has a 52 week low of $16.69 and a 52 week high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, research analysts predict that Onestream will post 0.05 earnings per share for the current year.

Insider Activity

In other Onestream news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of the firm’s 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 disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Onestream

Large investors have recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in Onestream by 4.0% in the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company’s stock valued at $250,000 after acquiring an additional 454 shares in the last quarter. M&T Bank Corp boosted its holdings in Onestream by 99.4% during the first quarter. M&T Bank Corp now owns 36,433 shares of the company’s stock worth $778,000 after purchasing an additional 18,165 shares during the last quarter. Brown Advisory Inc. grew its position in Onestream by 16,651.6% in the first quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company’s stock valued at $52,174,000 after purchasing an additional 2,430,302 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Onestream by 77.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 202,898 shares of the company’s stock worth $4,330,000 after buying an additional 88,706 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Onestream by 109.4% in the 1st quarter. Bank of New York Mellon Corp now owns 17,528 shares of the company’s stock valued at $374,000 after acquiring an additional 9,159 shares in the last quarter.

About Onestream

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.