Morgan Stanley Issues Pessimistic Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its price target reduced by analysts at Morgan Stanley from $34.00 to $27.00 in a report released on Wednesday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 37.33% from the stock’s current price.

Several other equities analysts have also recently issued reports on OS. Citigroup decreased their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial lowered their price target on shares of Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. BMO Capital Markets lowered their target price on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.47.

Onestream Trading Up 1.3 %

Shares of NASDAQ OS opened at $19.66 on Wednesday. Onestream has a 12-month low of $16.69 and a 12-month high of $35.39. The firm’s 50-day simple moving average is $22.22 and its 200 day simple moving average is $27.35.

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

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 can be accessed through this link. Also, Director John Kinzer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here.

Institutional Trading of Onestream

Several hedge funds have recently added to or reduced their stakes in OS. Precision Wealth Strategies LLC raised its stake in Onestream by 37.9% in the 1st quarter. Precision Wealth Strategies LLC now owns 14,414 shares of the company’s stock worth $308,000 after purchasing an additional 3,963 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Onestream by 98.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 52,867 shares of the company’s stock worth $1,128,000 after purchasing an additional 26,223 shares during the period. West Paces Advisors Inc. raised its position in shares of Onestream by 212,670.0% in the first quarter. West Paces Advisors Inc. now owns 85,108 shares of the company’s stock valued at $1,816,000 after buying an additional 85,068 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of Onestream by 36.3% in the first quarter. Portside Wealth Group LLC now owns 20,191 shares of the company’s stock valued at $431,000 after buying an additional 5,372 shares during the period. Finally, Rhumbline Advisers acquired a new stake in Onestream during the first quarter worth approximately $35,000.

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.