Onestream (NASDAQ:OS) Shares Gap Down – Time to Sell?

Onestream, Inc. (NASDAQ:OSGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $33.43, but opened at $30.48. Onestream shares last traded at $31.74, with a volume of 156,503 shares changing hands.

Analysts Set New Price Targets

OS has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on shares of Onestream from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Bank of America boosted their target price on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird raised their price target on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday. TD Cowen assumed coverage on shares of Onestream in a report on Monday, August 19th. They set a “buy” rating and a $34.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Onestream currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Read Our Latest Stock Analysis on OS

Onestream Trading Down 5.8 %

The firm’s 50 day simple moving average is $30.78.

Institutional Trading of Onestream

Hedge funds have recently bought and sold shares of the business. RiverPark Advisors LLC bought a new position in shares of Onestream in the third quarter valued at approximately $92,000. TimesSquare Capital Management LLC purchased a new stake in Onestream in the 3rd quarter valued at $67,746,000. Atria Investments Inc bought a new position in Onestream during the 3rd quarter valued at $425,000. Portside Wealth Group LLC purchased a new position in Onestream during the 3rd quarter worth $593,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Onestream in the 3rd quarter worth $1,417,000.

Onestream Company Profile

(Get Free Report)

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.

Further Reading

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