Onestream (NASDAQ:OS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Onestream (NASDAQ:OS) had its target price upped by research analysts at Needham & Company LLC from $35.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 16.74% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Truist Financial restated a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Piper Sandler raised their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley assumed coverage on Onestream in a report on Monday, August 19th. They issued an “equal weight” rating and a $29.00 target price for the company. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BTIG Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $37.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Onestream Stock Down 2.6 %

OS stock traded down $0.88 during midday trading on Friday, reaching $32.55. The company’s stock had a trading volume of 1,070,181 shares, compared to its average volume of 629,827. Onestream has a 1 year low of $24.50 and a 1 year high of $35.17. The company’s fifty day moving average price is $30.78.

Institutional Trading of Onestream

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

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.