Stephens Initiates Coverage on Onestream (NASDAQ:OS)

Equities researchers at Stephens assumed coverage on shares of Onestream (NASDAQ:OS) in a research note issued to investors on Wednesday. The firm set an “overweight” rating and a $27.00 price target on the stock. Stephens’ price target points to a potential upside of 25.46% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Wedbush initiated coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 target price for the company. BMO Capital Markets lowered their target price on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.68.

Onestream Stock Performance

Onestream stock opened at $21.52 on Wednesday. Onestream has a one year low of $20.00 and a one year high of $35.39. The business has a 50 day simple moving average of $26.07 and a 200 day simple moving average of $29.00.

Onestream (NASDAQ:OS) last issued its quarterly earnings data 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. As a group, sell-side analysts anticipate 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 the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of Onestream

A number of institutional investors have recently modified their holdings of OS. Norges Bank bought a new stake in shares of Onestream in the fourth quarter valued at about $119,214,000. Champlain Investment Partners LLC bought a new stake in Onestream during the fourth quarter worth about $98,076,000. JPMorgan Chase & Co. raised its holdings in Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after acquiring an additional 1,357,860 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Onestream by 51.2% during the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after acquiring an additional 1,268,733 shares in the last quarter.

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.