Onestream (NASDAQ:OS) Sets New 12-Month Low – What’s Next?

Onestream, Inc. (NASDAQ:OS) shares hit a new 52-week low during trading on Thursday . The company traded as low as $19.98 and last traded at $20.12, with a volume of 823535 shares trading hands. The stock had previously closed at $22.48.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective 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 reduced their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Wedbush initiated coverage on shares of Onestream in a report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $35.00 target price on shares of Onestream in a report on Wednesday, February 12th. Finally, Morgan Stanley decreased their price target on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.37.

Onestream Stock Down 10.3 %

The firm’s 50-day moving average price is $24.93 and its two-hundred day moving average price is $28.49.

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

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently modified their holdings of OS. California State Teachers Retirement System bought a new position in Onestream during the fourth quarter valued at approximately $957,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Onestream during the 4th quarter worth $1,234,000. Woodline Partners LP raised its holdings in shares of Onestream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock valued at $3,819,000 after purchasing an additional 1,515 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Onestream by 20.3% in the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock valued at $254,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Seven Grand Managers LLC boosted its holdings in Onestream by 50.0% in the fourth quarter. Seven Grand Managers LLC now owns 300,000 shares of the company’s stock worth $8,556,000 after purchasing an additional 100,000 shares in the last quarter.

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.