Raymond James Reiterates “Outperform” Rating for Onestream (NASDAQ:OS)

Raymond James reaffirmed their outperform rating on shares of Onestream (NASDAQ:OS) in a report issued on Friday morning,Benzinga reports. They currently have a $29.00 price target on the stock, down from their prior price target of $32.00.

OS has been the subject of a number of other reports. BNP Paribas started coverage on Onestream in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $30.00 target price for the company. Morgan Stanley dropped their price objective on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets decreased their target price on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Citigroup lowered their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank restated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.14.

Onestream Trading Up 7.1 %

NASDAQ:OS opened at $26.09 on Friday. Onestream has a one year low of $16.69 and a one year high of $35.39. The company has a fifty day moving average price of $21.34 and a 200 day moving average price of $26.42.

Onestream (NASDAQ:OS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, equities analysts expect that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Onestream

Several institutional investors have recently modified their holdings of OS. Rhumbline Advisers acquired a new position in Onestream in the first quarter valued at about $35,000. SG Americas Securities LLC bought a new stake in shares of Onestream in the 4th quarter valued at about $166,000. IFP Advisors Inc acquired a new stake in shares of Onestream in the 4th quarter valued at approximately $168,000. Moody National Bank Trust Division acquired a new stake in shares of Onestream in the 4th quarter valued at approximately $200,000. Finally, PNC Financial Services Group Inc. boosted its stake in Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after acquiring an additional 2,600 shares during the last quarter.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.