Onestream (NASDAQ:OS) Given New $35.00 Price Target at Raymond James

Onestream (NASDAQ:OS) had its price target increased by equities research analysts at Raymond James from $34.00 to $35.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 9.72% from the company’s current price.

Several other brokerages have also commented on OS. Bank of America increased their price target on shares of Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Wolfe Research began coverage on shares of Onestream in a research report on Monday, August 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Baird R W raised shares of Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. BTIG Research initiated coverage on Onestream in a report on Monday, August 19th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Truist Financial reissued a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.81.

Onestream Stock Performance

Shares of NASDAQ:OS traded down $1.53 on Friday, hitting $31.90. 729,231 shares of the company’s stock were exchanged, compared to its average volume of 627,250. Onestream has a 1-year low of $24.50 and a 1-year high of $35.17. The stock’s 50-day moving average is $30.78.

Institutional Trading of Onestream

Several hedge funds and other institutional investors have recently made changes to their positions in OS. TimesSquare Capital Management LLC acquired a new stake in Onestream in the third quarter valued at about $67,746,000. Seven Grand Managers LLC purchased a new position in Onestream in the third quarter worth $6,780,000. Dakota Wealth Management purchased a new position in Onestream in the third quarter worth $2,412,000. Harbor Capital Advisors Inc. acquired a new stake in Onestream in the third quarter valued at $1,417,000. Finally, Renaissance Capital LLC purchased a new stake in shares of Onestream during the 3rd quarter worth $1,032,000.

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.