OneStream (NASDAQ:OS) Cut to Hold at Needham & Company LLC

Needham & Company LLC cut shares of OneStream (NASDAQ:OS) from a buy rating to a hold rating in a report issued on Wednesday, MarketBeat Ratings reports.

OS has been the subject of a number of other reports. Rosenblatt Securities lowered OneStream from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $26.00 to $24.00 in a research report on Wednesday. Mizuho reissued a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of OneStream in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a research report on Wednesday, October 8th. Citigroup dropped their price objective on shares of OneStream from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Finally, BTIG Research assumed coverage on shares of OneStream in a research report on Tuesday, December 16th. They issued a “buy” rating and a $25.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.82.

OneStream Stock Performance

NASDAQ OS opened at $23.62 on Wednesday. The firm’s 50 day moving average price is $19.85 and its two-hundred day moving average price is $20.82. OneStream has a twelve month low of $16.51 and a twelve month high of $30.93. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of -49.21 and a beta of 2.04.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.The business had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $148.16 million. During the same quarter last year, the firm posted ($1.06) earnings per share. OneStream’s revenue was up 19.5% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. On average, research analysts forecast that OneStream will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Pamela Mcintyre sold 6,505 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $23.58, for a total value of $153,387.90. Following the completion of the sale, the chief accounting officer directly owned 58,847 shares in the company, valued at approximately $1,387,612.26. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Ken Hohenstein sold 40,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.21, for a total transaction of $688,400.00. Following the transaction, the executive directly owned 990,961 shares in the company, valued at $17,054,438.81. The trade was a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 96,076 shares of company stock valued at $1,685,482 over the last ninety days. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

Several large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in shares of OneStream by 44.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock valued at $46,000 after acquiring an additional 499 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after purchasing an additional 585 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in OneStream by 8.8% during the second quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the company’s stock valued at $332,000 after purchasing an additional 954 shares during the last quarter. Magnetar Financial LLC raised its position in shares of OneStream by 12.6% in the third quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock valued at $201,000 after purchasing an additional 1,220 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of OneStream during the 3rd quarter worth $27,000.

OneStream News Summary

Here are the key news stories impacting OneStream this week:

• Neutral Sentiment: Aggregated coverage summarizing multiple recent analyst actions and context on the ratings shift. What 6 Analyst Ratings Have To Say About OneStream
• Negative Sentiment: TD Cowen downgraded OneStream to a Hold, signaling less near?term enthusiasm from a previously more positive stance; that adds selling pressure given the number of shops trimming ratings today. TD Cowen Downgrades OneStream (NASDAQ:OS) to Hold
• Negative Sentiment: Rosenblatt Securities lowered its rating to Hold, joining peers in pulling back expectations and reducing buy?side momentum. OneStream (NASDAQ:OS) Rating Lowered to Hold at Rosenblatt Securities
• Negative Sentiment: Needham & Company cut its rating on OneStream, another independent downgrade contributing to today’s consensus cooling. OneStream (NASDAQ:OS) Stock Rating Lowered by Needham & Company LLC
• Negative Sentiment: Truist moved OneStream from Strong?Buy to Hold, reflecting reduced upside expectations from a previously bullish stance. Truist Downgrade (via Zacks)
• Negative Sentiment: Mizuho also downgraded the shares from Strong?Buy to Hold, adding to the cluster of mid?January analyst downgrades. Mizuho Downgrade (via TickerReport)
• Negative Sentiment: Baird trimmed its rating to Hold, repeating the pattern of firms reducing appetite for the stock at current levels. Baird Downgrade (via TickerReport)
• Negative Sentiment: Guggenheim issued a downgrade, contributing further to analyst pessimism that is weighing on the share price. Guggenheim Downgrades OneStream

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.