BMO Capital Markets Forecasts Strong Price Appreciation for Onestream (NASDAQ:OS) Stock

Onestream (NASDAQ:OS) had its price target raised by BMO Capital Markets from $29.00 to $33.00 in a research note published on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

OS has been the topic of a number of other reports. Citigroup decreased their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Truist Financial dropped their target price on Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a report on Monday, April 7th. The Goldman Sachs Group cut their price target on shares of Onestream from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, Bank of America raised their target price on shares of Onestream from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.10.

Onestream Trading Down 0.2%

OS opened at $28.35 on Thursday. The firm has a 50-day moving average price of $21.74 and a 200-day moving average price of $26.32. Onestream has a twelve month low of $16.69 and a twelve month high of $35.39.

Onestream (NASDAQ:OS) last issued its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. Onestream’s revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts anticipate that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Kinzer sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Onestream

Large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its holdings in Onestream by 136.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company’s stock valued at $190,731,000 after acquiring an additional 5,152,719 shares during the last quarter. Norges Bank bought a new stake in shares of Onestream in the 4th quarter worth approximately $119,214,000. Champlain Investment Partners LLC acquired a new stake in Onestream during the fourth quarter valued at approximately $98,076,000. Alkeon Capital Management LLC bought a new stake in Onestream during the first quarter worth approximately $53,910,000. Finally, 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 worth $52,174,000 after buying an additional 2,430,302 shares during the last quarter.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.