Wedbush Estimates Onestream’s FY2024 Earnings (NASDAQ:OS)

Onestream, Inc. (NASDAQ:OS) – Investment analysts at Wedbush issued their FY2024 EPS estimates for Onestream in a research report issued to clients and investors on Thursday, December 19th. Wedbush analyst D. Ives anticipates that the company will earn $0.00 per share for the year. Wedbush has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Onestream’s current full-year earnings is $0.05 per share. Wedbush also issued estimates for Onestream’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.06 EPS, Q2 2026 earnings at $0.07 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.34 EPS.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets began coverage on Onestream in a research report on Monday, September 23rd. They set an “outperform” rating and a $38.00 price target on the stock. Scotiabank increased their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Guggenheim lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Truist Financial reissued a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Finally, Needham & Company LLC lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.83.

Onestream Trading Up 0.1 %

Onestream stock opened at $29.66 on Monday. The business’s 50-day moving average price is $30.85. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Hedge Funds Weigh In On Onestream

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream in the third quarter valued at approximately $77,000. RiverPark Advisors LLC acquired a new stake in Onestream in the third quarter valued at approximately $92,000. HighTower Advisors LLC bought a new stake in shares of Onestream during the third quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Onestream during the third quarter worth $325,000.

Insiders Place Their Bets

In related news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Craig Colby sold 280,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,699,787 shares of company stock worth $230,912,230 in the last 90 days.

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.