OneStream (NASDAQ:OS) Raised to “Strong-Buy” at BTIG Research

OneStream (NASDAQ:OS) was upgraded by investment analysts at BTIG Research to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on OS. Morgan Stanley reissued an “overweight” rating on shares of OneStream in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a report on Wednesday, October 8th. BMO Capital Markets increased their price target on OneStream from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Rosenblatt Securities assumed coverage on OneStream in a report on Tuesday, December 2nd. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Citigroup cut their price objective on OneStream from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.44.

OneStream Price Performance

Shares of NASDAQ OS opened at $18.55 on Tuesday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of -38.43 and a beta of 1.97. The firm’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $21.79. OneStream has a 12 month low of $16.51 and a 12 month high of $30.93.

OneStream (NASDAQ:OS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $154.30 million for the quarter, compared to the consensus estimate of $148.16 million. OneStream had a negative net margin of 14.50% and a positive return on equity of 9.65%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.06) earnings per share. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. Analysts anticipate that OneStream will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OneStream news, CFO William A. Koefoed sold 9,571 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $17.73, for a total transaction of $169,693.83. Following the completion of the transaction, the chief financial officer owned 206,127 shares of the company’s stock, valued at $3,654,631.71. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.00, for a total value of $600,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 79,571 shares of company stock worth $1,443,694. Corporate insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On OneStream

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in OneStream by 14.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 293,216 shares of the company’s stock worth $6,257,000 after acquiring an additional 38,078 shares during the last quarter. Swiss National Bank boosted its holdings in shares of OneStream by 3.8% during the 1st quarter. Swiss National Bank now owns 79,400 shares of the company’s stock worth $1,694,000 after purchasing an additional 2,900 shares during the last quarter. American Century Companies Inc. grew its position in shares of OneStream by 19.6% in the first quarter. American Century Companies Inc. now owns 1,307,613 shares of the company’s stock valued at $27,904,000 after purchasing an additional 214,103 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of OneStream in the first quarter valued at approximately $5,689,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of OneStream by 136.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company’s stock valued at $190,731,000 after purchasing an additional 5,152,719 shares during the last quarter.

OneStream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.