Truist Financial Lowers Onestream (NASDAQ:OS) Price Target to $27.00

Onestream (NASDAQ:OS) had its target price dropped by investment analysts at Truist Financial from $37.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 50.59% from the stock’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley decreased their price target on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Onestream in a report on Wednesday, February 12th. BMO Capital Markets cut their price target 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. JPMorgan Chase & Co. cut shares of Onestream from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Finally, Citigroup cut their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two equities 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 company. According to MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.84.

Onestream Price Performance

NASDAQ:OS opened at $17.93 on Monday. Onestream has a 1 year low of $16.69 and a 1 year high of $35.39. The business has a fifty day moving average of $23.78 and a 200-day moving average of $28.05.

Onestream (NASDAQ:OS) last released its 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. Analysts forecast that Onestream will post 0.05 earnings per share for the current year.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OS. Norges Bank bought a new stake in Onestream in the fourth quarter worth approximately $119,214,000. Champlain Investment Partners LLC acquired a new position in Onestream during the fourth quarter worth $98,076,000. JPMorgan Chase & Co. raised its holdings in Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock valued at $45,543,000 after buying an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after buying an additional 1,357,860 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 buying an additional 1,268,733 shares during the last quarter.

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.