OneStream, Inc. (NASDAQ:OS) Receives Consensus Rating of “Reduce” from Brokerages

OneStream, Inc. (NASDAQ:OS) has been given a consensus recommendation of “Reduce” by the twenty-one research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.7222.

OS has been the subject of several recent analyst reports. BNP Paribas Exane lowered OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Thursday, January 15th. Piper Sandler set a $24.00 price objective on OneStream in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. BTIG Research lowered OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, UBS Group set a $24.00 target price on OneStream in a research note on Friday, January 16th.

OneStream Price Performance

OneStream stock opened at $24.00 on Wednesday. The stock has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $21.99. OneStream has a 52-week low of $16.51 and a 52-week high of $29.66. The firm has a market capitalization of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The firm had revenue of $163.73 million during the quarter, compared to analyst estimates of $157.28 million. During the same period in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that OneStream will post 0.05 EPS for the current fiscal year.

Insider Activity

In other news, CRO Ken Hohenstein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $23.62, for a total value of $236,200.00. Following the completion of the sale, the executive directly owned 985,571 shares in the company, valued at approximately $23,279,187.02. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Pamela Mcintyre sold 2,015 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total value of $47,715.20. Following the completion of the sale, the chief accounting officer owned 55,800 shares of the company’s stock, valued at approximately $1,321,344. This trade represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 128,631 shares of company stock worth $3,027,262. 12.77% of the stock is owned by corporate insiders.

Institutional Trading of OneStream

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in shares of OneStream in the third quarter valued at $27,000. Rhumbline Advisers acquired a new stake in shares of OneStream in the first quarter valued at $35,000. EverSource Wealth Advisors LLC increased its stake in shares of OneStream by 1,795.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after buying an additional 2,532 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of OneStream in the fourth quarter valued at $66,000. Finally, Advisors Asset Management Inc. increased its position in OneStream by 53.9% in the fourth quarter. Advisors Asset Management Inc. now owns 3,699 shares of the company’s stock worth $68,000 after purchasing an additional 1,295 shares during the period.

About OneStream

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.