FY2024 Earnings Estimate for Onestream Issued By Scotiabank

Onestream, Inc. (NASDAQ:OS) – Research analysts at Scotiabank issued their FY2024 earnings per share estimates for Onestream in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann anticipates that the company will earn $0.07 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $35.00 target price on the stock. The consensus estimate for Onestream’s current full-year earnings is $0.05 per share. Scotiabank also issued estimates for Onestream’s FY2025 earnings at $0.12 EPS.

A number of other research firms also recently issued reports on OS. Needham & Company LLC lifted their price objective on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price objective on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley lifted their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. BMO Capital Markets initiated coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Raymond James raised their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Price Performance

OS opened at $26.10 on Monday. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39. The stock has a 50 day moving average price of $30.15.

Institutional Investors Weigh In On Onestream

A number of institutional investors and hedge funds have recently made changes to their positions in OS. Moody National Bank Trust Division acquired a new position in Onestream during the 4th quarter worth approximately $200,000. Harbor Capital Advisors Inc. boosted its stake in shares of Onestream by 58.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company’s stock valued at $1,887,000 after buying an additional 24,377 shares in the last quarter. Diversified Trust Co acquired a new position in Onestream during the fourth quarter worth $1,004,000. JPMorgan Chase & Co. purchased a new position in Onestream in the third quarter worth $1,037,000. Finally, Franklin Resources Inc. acquired a new stake in Onestream in the third quarter valued at $3,491,000.

Insider Transactions at Onestream

In related news, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock worth $230,912,230 in the last 90 days.

About Onestream

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.