Onestream (NASDAQ:OS) Stock Price Expected to Rise, Scotiabank Analyst Says

Onestream (NASDAQ:OS) had its price objective increased by Scotiabank from $34.00 to $35.00 in a research note published on Friday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Other analysts also recently issued reports about the company. BTIG Research started coverage on Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $37.00 price objective on the stock. Loop Capital started coverage on shares of Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $35.00 price target on the stock. Needham & Company LLC boosted their price objective on shares of Onestream from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Citigroup began coverage on shares of Onestream in a research report on Monday, August 19th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Raymond James boosted their price target on Onestream from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Onestream Stock Performance

OS stock traded up $1.41 on Friday, reaching $33.75. The company had a trading volume of 1,529,951 shares, compared to its average volume of 651,427. The firm’s fifty day moving average price is $30.81. Onestream has a 1 year low of $24.50 and a 1 year high of $35.39.

Hedge Funds Weigh In On Onestream

Several hedge funds and other institutional investors have recently made changes to their positions in OS. Primecap Management Co. CA acquired a new stake in shares of Onestream in the third quarter valued at about $9,017,000. King Luther Capital Management Corp purchased a new position in shares of Onestream in the third quarter valued at $3,051,000. First Horizon Advisors Inc. acquired a new stake in Onestream during the 3rd quarter valued at $27,000. RiverPark Advisors LLC purchased a new stake in Onestream during the 3rd quarter worth $92,000. Finally, TimesSquare Capital Management LLC purchased a new position in Onestream in the 3rd quarter valued at about $67,746,000.

About Onestream

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.