Onestream, Inc. (NASDAQ:OS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Onestream, Inc. (NASDAQ:OS) have earned a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.31.

OS has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of Onestream from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. BTIG Research initiated coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $37.00 target price for the company. Baird R W upgraded shares of Onestream to a “strong-buy” rating in a research note on Thursday, August 1st. Raymond James boosted their target price on shares of Onestream from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, BMO Capital Markets began coverage on shares of Onestream in a research report on Monday, September 23rd. They set an “outperform” rating and a $38.00 target price on the stock.

Hedge Funds Weigh In On Onestream

Hedge funds have recently made changes to their positions in the business. Precision Wealth Strategies LLC acquired a new stake in Onestream during the 3rd quarter valued at $338,000. Atria Investments Inc acquired a new stake in shares of Onestream during the third quarter worth $425,000. US Bancorp DE acquired a new stake in shares of Onestream during the third quarter worth $569,000. Portside Wealth Group LLC acquired a new stake in shares of Onestream during the third quarter worth $593,000. Finally, Renaissance Capital LLC acquired a new stake in shares of Onestream during the third quarter worth $1,032,000.

Onestream Stock Up 1.5 %

OS opened at $29.97 on Friday. The stock’s 50 day simple moving average is $30.67. Onestream has a 52-week low of $24.50 and a 52-week high of $35.17.

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.