OneStream (NASDAQ:OS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

OneStream (NASDAQ:OS) had its price objective increased by research analysts at BMO Capital Markets from $24.00 to $25.00 in a research note issued on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 9.94% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating on shares of OneStream in a report on Friday, September 19th. Mizuho cut their price target on shares of OneStream from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Raymond James Financial reduced their price target on shares of OneStream from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler dropped their price objective on OneStream from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, OneStream currently has an average rating of “Moderate Buy” and a consensus price target of $28.81.

OneStream Price Performance

NASDAQ:OS opened at $22.74 on Friday. OneStream has a 12 month low of $16.51 and a 12 month high of $35.39. The firm has a market capitalization of $5.52 billion, a PE ratio of -47.37 and a beta of 2.10. The business’s fifty day moving average price is $18.91 and its 200 day moving average price is $22.89.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. OneStream had a positive return on equity of 9.86% and a negative net margin of 14.50%.The business had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $148.16 million. During the same period in the prior year, the firm posted ($1.06) EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS. Q4 2025 guidance at 0.040-0.070 EPS. As a group, equities analysts anticipate that OneStream will post 0.05 EPS for the current year.

Insider Buying and Selling at OneStream

In other OneStream news, CFO William A. Koefoed sold 8,943 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.03, for a total transaction of $170,185.29. Following the completion of the sale, the chief financial officer directly owned 221,983 shares of the company’s stock, valued at approximately $4,224,336.49. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $20.00, for a total value of $600,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 138,943 shares of company stock valued at $2,622,985 in the last ninety days. Insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On OneStream

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of OneStream in the second quarter valued at about $179,524,000. T. Rowe Price Investment Management Inc. lifted its position in OneStream by 136.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company’s stock valued at $190,731,000 after purchasing an additional 5,152,719 shares during the period. Temasek Holdings Private Ltd boosted its holdings in OneStream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company’s stock valued at $63,089,000 after purchasing an additional 2,828,209 shares in the last quarter. Alkeon Capital Management LLC acquired a new position in OneStream during the 1st quarter worth approximately $53,910,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of OneStream by 53.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company’s stock worth $136,109,000 after buying an additional 2,234,980 shares in the last quarter.

About OneStream

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.