Needham & Company LLC Forecasts Strong Price Appreciation for Onestream (NASDAQ:OS) Stock

Onestream (NASDAQ:OS) had its price target lifted by equities researchers at Needham & Company LLC from $35.00 to $38.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 17.50% from the company’s previous close.

OS has been the subject of a number of other reports. Wolfe Research initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set an “outperform” rating and a $32.00 target price for the company. Morgan Stanley assumed coverage on Onestream in a research report on Monday, August 19th. They set an “equal weight” rating and a $29.00 target price on the stock. Guggenheim boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. BTIG Research initiated coverage on Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $37.00 price target for the company. Finally, Scotiabank lifted their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Onestream Price Performance

Shares of OS traded down $1.09 on Friday, reaching $32.34. The company’s stock had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. Onestream has a twelve month low of $24.50 and a twelve month high of $35.17. The company has a fifty day moving average of $30.81.

Institutional Trading of Onestream

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC bought a new position in Onestream during the 3rd quarter valued at about $67,746,000. Primecap Management Co. CA purchased a new position in Onestream during the third quarter valued at $9,017,000. Seven Grand Managers LLC purchased a new position in Onestream during the 3rd quarter valued at approximately $6,780,000. King Luther Capital Management Corp bought a new position in Onestream during the third quarter valued at $3,051,000. Finally, Dakota Wealth Management purchased a new stake in Onestream during the third quarter valued at approximately $2,412,000.

Onestream Company Profile

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.