Onestream (NASDAQ:OS) Given New $27.00 Price Target at Truist Financial

Onestream (NASDAQ:OS) had its price objective decreased by Truist Financial from $37.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 51.69% from the company’s previous close.

Other analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price target on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 28th. BMO Capital Markets lowered their target price on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Finally, Stephens initiated coverage on shares of Onestream in a research note on Wednesday, March 19th. They set an “overweight” rating and a $27.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.84.

Onestream Price Performance

Shares of Onestream stock traded down $0.28 during midday trading on Monday, reaching $17.80. The company had a trading volume of 46,178 shares, compared to its average volume of 1,174,077. The stock has a fifty day moving average price of $24.48 and a 200 day moving average price of $28.31. Onestream has a fifty-two week low of $16.66 and a fifty-two week high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, research analysts expect that Onestream will post 0.05 EPS for the current year.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Onestream

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Onestream in the 3rd quarter valued at $77,000. SG Americas Securities LLC bought a new position in Onestream during the fourth quarter valued at about $166,000. IFP Advisors Inc bought a new position in Onestream during the fourth quarter valued at about $168,000. Moody National Bank Trust Division purchased a new stake in Onestream during the fourth quarter worth about $200,000. Finally, PNC Financial Services Group Inc. raised its position in Onestream by 57.9% in the fourth 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 period.

About Onestream

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.