Raymond James Boosts Onestream (NASDAQ:OS) Price Target to $35.00

Onestream (NASDAQ:OS) had its price objective raised by equities researchers at Raymond James from $34.00 to $35.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 8.23% from the stock’s current price.

OS has been the topic of a number of other reports. Needham & Company LLC boosted their target price on Onestream from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Bank of America increased their target price on Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Loop Capital initiated coverage on shares of Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $35.00 price target on the stock. Scotiabank increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday. Finally, Baird R W upgraded shares of Onestream to a “strong-buy” rating in a report on Thursday, August 1st. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Onestream Stock Performance

Shares of NASDAQ:OS traded down $1.09 during midday trading on Friday, reaching $32.34. 1,688,117 shares of the company were exchanged, compared to its average volume of 617,432. The company’s fifty day moving average is $30.81. Onestream has a one year low of $24.50 and a one year high of $35.17.

Institutional Investors Weigh In On Onestream

Several large investors have recently modified their holdings of OS. Renaissance Capital LLC bought a new position in Onestream in the third quarter worth about $1,032,000. Harbor Capital Advisors Inc. purchased a new position in shares of Onestream in the 3rd quarter worth approximately $1,417,000. Seven Grand Managers LLC bought a new position in shares of Onestream during the 3rd quarter worth approximately $6,780,000. Dakota Wealth Management purchased a new stake in Onestream during the third quarter valued at approximately $2,412,000. Finally, Portside Wealth Group LLC purchased a new stake in Onestream during the third quarter valued at approximately $593,000.

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.