The Goldman Sachs Group Cuts Onestream (NASDAQ:OS) Price Target to $31.00

Onestream (NASDAQ:OS) had its target price lowered by analysts at The Goldman Sachs Group from $36.00 to $31.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 40.17% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Wedbush initiated coverage on shares of Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. Finally, Stephens began coverage on Onestream in a report on Wednesday, March 19th. They set an “overweight” rating and a $27.00 target price for the company. Two research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.37.

Onestream Stock Performance

Onestream stock traded down $1.10 during mid-day trading on Friday, hitting $22.12. The company had a trading volume of 170,101 shares, compared to its average volume of 1,168,861. Onestream has a 1 year low of $20.00 and a 1 year high of $35.39. The business has a fifty day moving average of $25.50 and a 200 day moving average of $28.68.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Research analysts forecast that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently made changes to their positions in OS. Norges Bank bought a new stake in Onestream during the 4th quarter worth approximately $119,214,000. Champlain Investment Partners LLC bought a new position in shares of Onestream during the 4th quarter worth approximately $98,076,000. JPMorgan Chase & Co. grew its position in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after buying an additional 1,566,276 shares during the period. Alliancebernstein L.P. lifted its position in shares of Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after acquiring an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Onestream by 51.2% in the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after purchasing an additional 1,268,733 shares during the period.

Onestream Company Profile

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.