What is Wedbush’s Estimate for Onestream FY2024 Earnings?

Onestream, Inc. (NASDAQ:OS) – Research analysts at Wedbush issued their FY2024 earnings estimates for Onestream in a note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives forecasts that the company will post earnings of $0.00 per share for the year. Wedbush currently has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Onestream’s current full-year earnings is $0.05 per share. Wedbush also issued estimates for Onestream’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.06 EPS, Q2 2026 earnings at $0.07 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.34 EPS.

A number of other research analysts have also commented on OS. Robert W. Baird increased their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Piper Sandler lifted their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Raymond James upped their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley boosted their price target on shares of Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.83.

Onestream Price Performance

Shares of Onestream stock opened at $29.10 on Monday. The firm has a 50 day moving average of $30.81. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Insider Activity

In related news, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Craig Colby sold 280,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,699,787 shares of company stock worth $230,912,230 over the last three months.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Renaissance Capital LLC bought a new stake in shares of Onestream in the 3rd quarter valued at about $1,032,000. US Bancorp DE acquired a new position in Onestream during the third quarter worth approximately $569,000. Temasek Holdings Private Ltd bought a new stake in Onestream in the third quarter valued at approximately $37,290,000. Townsquare Capital LLC acquired a new stake in shares of Onestream in the third quarter valued at approximately $3,667,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Onestream in the third quarter valued at approximately $5,617,000.

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.