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

Onestream (NASDAQ:OS) had its price objective cut by investment analysts at Scotiabank from $35.00 to $27.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 26.82% from the company’s current price.

A number of other analysts also recently issued reports on OS. Piper Sandler decreased their target price on Onestream from $37.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial lowered their price objective on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Morgan Stanley cut their target price on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets reduced their price objective on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Onestream presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $21.29 on Thursday. 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 price of $21.53 and a two-hundred day moving average price of $26.88.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, sell-side analysts anticipate that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity

In other Onestream news, Director John Kinzer sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Onestream

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers bought a new position in Onestream in the first quarter worth about $35,000. SG Americas Securities LLC purchased a new position in shares of Onestream during the 4th quarter worth approximately $166,000. IFP Advisors Inc bought a new position in shares of Onestream in the 4th quarter worth approximately $168,000. Moody National Bank Trust Division purchased a new position in shares of Onestream in the 4th quarter valued at approximately $200,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after purchasing an additional 2,600 shares in 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.