Scotiabank Issues Positive Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its price target boosted by Scotiabank from $34.00 to $35.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

OS has been the topic of a number of other research reports. Morgan Stanley assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued an “equal weight” rating and a $29.00 target price on the stock. Piper Sandler increased their price target on shares of Onestream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Raymond James increased their price target on shares of Onestream from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. TD Cowen started coverage on shares of Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Guggenheim increased their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two 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’s stock. According to MarketBeat, Onestream has an average rating of “Moderate Buy” and an average price target of $35.00.

Onestream Price Performance

NASDAQ OS traded down $1.09 during trading hours on Friday, reaching $32.34. The company had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. The firm has a 50-day moving average price of $30.81. Onestream has a 1-year low of $24.50 and a 1-year high of $35.17.

Hedge Funds Weigh In On Onestream

Several hedge funds have recently added to or reduced their stakes in OS. First Horizon Advisors Inc. purchased a new position in Onestream in the third quarter valued at approximately $27,000. RiverPark Advisors LLC purchased a new position in shares of Onestream during the third quarter worth approximately $92,000. Precision Wealth Strategies LLC purchased a new position in shares of Onestream during the third quarter worth approximately $338,000. Atria Investments Inc purchased a new position in shares of Onestream during the third quarter worth approximately $425,000. Finally, US Bancorp DE purchased a new position in shares of Onestream during the third quarter worth approximately $569,000.

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.