Morgan Stanley Boosts Onestream (NASDAQ:OS) Price Target to $37.00

Onestream (NASDAQ:OS) had its price objective lifted by Morgan Stanley from $35.00 to $37.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently commented on the stock. Truist Financial restated a “buy” rating and set a $37.00 price objective (up from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Robert W. Baird boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Guggenheim increased their price target on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Scotiabank upped their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, Wolfe Research started coverage on shares of Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Onestream Price Performance

Shares of OS traded down $2.54 on Tuesday, reaching $30.99. 4,458,654 shares of the company’s stock were exchanged, compared to its average volume of 739,050. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39. The stock’s 50 day simple moving average is $31.12.

Institutional Investors Weigh In On Onestream

Several institutional investors have recently bought and sold shares of the company. Renaissance Capital LLC acquired a new stake in Onestream during the 3rd quarter worth about $1,032,000. US Bancorp DE acquired a new position in Onestream in the 3rd quarter worth approximately $569,000. Harbor Capital Advisors Inc. purchased a new position in Onestream during the 3rd quarter worth approximately $1,417,000. Seven Grand Managers LLC acquired a new stake in Onestream during the 3rd quarter valued at approximately $6,780,000. Finally, Dakota Wealth Management purchased a new stake in shares of Onestream in the 3rd quarter valued at $2,412,000.

Onestream Company Profile

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.