Onestream (NASDAQ:OS) Shares Gap Down – Should You Sell?

Onestream, Inc. (NASDAQ:OS) gapped down before the market opened on Friday . The stock had previously closed at $33.53, but opened at $31.95. Onestream shares last traded at $32.23, with a volume of 2,682,325 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OS shares. Guggenheim raised their price target on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Citigroup assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued a “neutral” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price target for the company. Bank of America raised their price objective on Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Wolfe Research started coverage on Onestream in a research report on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Onestream presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Onestream Stock Down 10.1 %

The company has a 50 day moving average of $31.15.

Institutional Investors Weigh In On Onestream

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of Onestream during the 3rd quarter valued at about $10,331,000. M&T Bank Corp bought a new stake in Onestream in the third quarter worth approximately $908,000. Barclays PLC acquired a new position in Onestream in the third quarter valued at approximately $369,000. Y Intercept Hong Kong Ltd bought a new position in shares of Onestream during the 3rd quarter worth approximately $325,000. Finally, Zimmer Partners LP acquired a new stake in shares of Onestream during the 3rd quarter worth approximately $1,695,000.

About Onestream

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.