OneStream, Inc. (NASDAQ:OS) Given Consensus Rating of “Hold” by Brokerages
by Scott Moore · The Cerbat GemShares of OneStream, Inc. (NASDAQ:OS – Get Free Report) have been given an average rating of “Hold” by the twenty-three ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.10.
A number of analysts recently issued reports on the company. BMO Capital Markets downgraded OneStream from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $25.00 to $24.00 in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $24.00 target price (up from $23.00) on shares of OneStream in a research report on Friday, January 16th. Capital One Financial set a $24.00 target price on OneStream in a research report on Wednesday, January 7th. Needham & Company LLC downgraded OneStream from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Truist Financial set a $24.00 target price on OneStream in a research report on Tuesday, January 6th.
Read Our Latest Research Report on OS
OneStream Price Performance
Shares of OneStream stock opened at $24.00 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. The stock’s 50-day moving average is $23.69 and its 200-day moving average is $21.28. OneStream has a one year low of $16.51 and a one year high of $29.66.
OneStream (NASDAQ:OS – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $163.73 million for the quarter, compared to analyst estimates of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. On average, equities analysts expect that OneStream will post 0.05 EPS for the current year.
Insider Activity at OneStream
In related news, CAO Pamela Mcintyre sold 2,015 shares of OneStream stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $47,715.20. Following the sale, the chief accounting officer owned 55,800 shares of the company’s stock, valued at approximately $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Scott Leshinski sold 7,412 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $175,516.16. Following the transaction, the president directly owned 278,458 shares in the company, valued at approximately $6,593,885.44. This trade represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 248,631 shares of company stock valued at $5,862,862. 12.77% of the stock is owned by insiders.
Hedge Funds Weigh In On OneStream
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in OneStream by 10.1% during the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock worth $158,606,000 after buying an additional 786,408 shares during the last quarter. Norges Bank acquired a new position in OneStream during the fourth quarter worth approximately $109,803,000. Temasek Holdings Private Ltd increased its position in OneStream by 44.3% during the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock worth $78,636,000 after buying an additional 1,310,354 shares during the last quarter. Marshall Wace LLP increased its position in OneStream by 12.3% during the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company’s stock worth $51,210,000 after buying an additional 304,238 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in OneStream by 4.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company’s stock worth $49,043,000 after buying an additional 122,759 shares during the last quarter.
About OneStream
OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.
Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.