Onestream (NASDAQ:OS) Price Target Raised to $37.00

Onestream (NASDAQ:OS) had its price target hoisted by Morgan Stanley from $35.00 to $37.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Loop Capital assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $35.00 price objective for the company. TD Cowen initiated coverage on Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $34.00 target price for the company. Scotiabank raised their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set an “overweight” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.50.

Onestream Stock Down 7.6 %

OS traded down $2.54 during midday trading on Tuesday, hitting $30.99. 4,458,654 shares of the company traded hands, compared to its average volume of 739,050. The stock’s 50 day moving average price is $31.12. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Hedge Funds Weigh In On Onestream

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in Onestream in the third quarter valued at about $27,000. RiverPark Advisors LLC acquired a new position in Onestream during the third quarter worth about $92,000. HighTower Advisors LLC acquired a new stake in shares of Onestream during the 3rd quarter valued at $222,000. Precision Wealth Strategies LLC acquired a new stake in shares of Onestream during the third quarter valued at approximately $338,000. Finally, Verition Fund Management LLC purchased a new position in shares of Onestream during the third quarter valued at $341,000.

Onestream Company Profile

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.