Onestream (NASDAQ:OS) Shares Gap Down – What’s Next?

Onestream, Inc. (NASDAQ:OS)’s share price gapped down before the market opened on Friday . The stock had previously closed at $33.43, but opened at $30.48. Onestream shares last traded at $31.74, with a volume of 156,503 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OS. Morgan Stanley assumed coverage on Onestream in a research report on Monday, August 19th. They set an “equal weight” rating and a $29.00 price target for the company. TD Cowen started coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $34.00 price objective for the company. Scotiabank raised their target price on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday. Citigroup assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Onestream in a research note on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Onestream Stock Down 5.8 %

The firm has a fifty day moving average price of $30.78.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently bought and sold shares of the stock. RiverPark Advisors LLC bought a new position in shares of Onestream during the third quarter valued at about $92,000. Precision Wealth Strategies LLC purchased a new position in Onestream during the 3rd quarter valued at about $338,000. Atria Investments Inc bought a new position in Onestream during the 3rd quarter valued at approximately $425,000. US Bancorp DE purchased a new stake in Onestream in the 3rd quarter worth approximately $569,000. Finally, Portside Wealth Group LLC bought a new stake in shares of Onestream in the 3rd quarter worth approximately $593,000.

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.