OneStream (NASDAQ:OS) Upgraded by BTIG Research to “Strong-Buy” Rating

BTIG Research upgraded shares of OneStream (NASDAQ:OS) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

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

OneStream Trading Up 2.7%

Shares of OS opened at $18.10 on Tuesday. The stock has a market cap of $4.41 billion, a PE ratio of -37.71 and a beta of 1.97. OneStream has a 1 year low of $16.51 and a 1 year high of $30.93. The stock has a 50 day simple moving average of $19.22 and a 200-day simple moving average of $21.79.

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

Insider Transactions at OneStream

In other news, CFO William A. Koefoed sold 9,571 shares of the company’s stock in a transaction 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 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 SEC, which is available through this link. Also, CRO Ken Hohenstein sold 40,000 shares of OneStream stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $16.85, for a total value of $674,000.00. Following the completion of the sale, the executive owned 997,062 shares of the company’s stock, valued at approximately $16,800,494.70. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,571 shares of company stock worth $1,443,694 over the last 90 days. 12.77% of the stock is owned by insiders.

Institutional Trading of OneStream

A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of OneStream in the 3rd quarter valued at $27,000. Rhumbline Advisers acquired a new position in OneStream in the first quarter valued at about $35,000. Advisors Asset Management Inc. boosted its holdings in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock worth $41,000 after buying an additional 585 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of OneStream by 44.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after buying an additional 499 shares during the period. Finally, KBC Group NV bought a new stake in shares of OneStream in the 2nd quarter valued at about $58,000.

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.