OneStream, Inc. (NASDAQ:OS) Receives Consensus Recommendation of “Hold” from Analysts

OneStream, Inc. (NASDAQ:OS) has been assigned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.3810.

A number of brokerages have recently issued reports on OS. BTIG Research downgraded shares of OneStream from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Capital One Financial set a $24.00 target price on shares of OneStream in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 target price (down from $27.00) on shares of OneStream in a report on Wednesday, January 7th. Piper Sandler set a $24.00 price target on shares of OneStream in a research report on Monday, February 2nd. Finally, BMO Capital Markets cut OneStream from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $25.00 to $24.00 in a report on Wednesday, January 7th.

Insiders Place Their Bets

In other OneStream news, CRO Ken Hohenstein sold 60,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total value of $1,407,600.00. Following the sale, the executive owned 990,961 shares of the company’s stock, valued at approximately $23,247,945.06. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott Leshinski sold 7,412 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total value of $175,516.16. Following the completion of the sale, the president directly owned 278,458 shares in the company, valued at $6,593,885.44. This trade represents a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 195,932 shares of company stock worth $4,619,819. 12.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneStream

Several hedge funds have recently added to or reduced their stakes in the business. Alberta Investment Management Corp purchased a new position in OneStream during the 4th quarter valued at about $1,369,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of OneStream in the fourth quarter valued at about $47,648,000. Wellington Management Group LLP grew its position in shares of OneStream by 6.4% in the fourth quarter. Wellington Management Group LLP now owns 1,342,754 shares of the company’s stock valued at $24,680,000 after purchasing an additional 81,202 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of OneStream by 294.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 177,462 shares of the company’s stock worth $3,262,000 after purchasing an additional 132,494 shares in the last quarter. Finally, Twinbeech Capital LP increased its stake in shares of OneStream by 209.8% during the 4th quarter. Twinbeech Capital LP now owns 56,515 shares of the company’s stock worth $1,039,000 after purchasing an additional 38,270 shares in the last quarter.

OneStream Price Performance

OneStream stock opened at $23.62 on Tuesday. The stock’s 50 day moving average price is $23.59 and its 200 day moving average price is $20.73. OneStream has a 1-year low of $16.51 and a 1-year high of $29.66. The company has a market cap of $5.76 billion, a PE ratio of -84.35 and a beta of 1.98.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The firm had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. OneStream’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts anticipate that OneStream will post 0.05 EPS for the current fiscal year.

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.