One Stop Systems (NASDAQ:OSS) Raised to “Buy” at Alliance Global Partners

Alliance Global Partners upgraded shares of One Stop Systems (NASDAQ:OSS) from a neutral rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has $4.50 target price on the stock, up from their previous target price of $3.25.

One Stop Systems Stock Performance

Shares of One Stop Systems stock opened at $2.36 on Wednesday. The company has a market capitalization of $49.65 million, a P/E ratio of -6.56 and a beta of 1.28. One Stop Systems has a 1 year low of $1.79 and a 1 year high of $4.57. The company’s fifty day moving average is $2.35 and its two-hundred day moving average is $2.36.

One Stop Systems (NASDAQ:OSS) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $13.00 million. One Stop Systems had a negative return on equity of 13.22% and a negative net margin of 14.41%. As a group, equities analysts expect that One Stop Systems will post -0.26 earnings per share for the current year.

Insider Activity

In other news, Director Joseph M. Jr. Manko bought 50,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $1.94 per share, with a total value of $97,000.00. Following the completion of the acquisition, the director now directly owns 1,149,899 shares in the company, valued at approximately $2,230,804.06. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On One Stop Systems

A number of large investors have recently modified their holdings of the business. Vontobel Holding Ltd. lifted its stake in shares of One Stop Systems by 120.0% in the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock valued at $79,000 after purchasing an additional 18,000 shares during the period. Essex Investment Management Co. LLC increased its holdings in One Stop Systems by 24.3% in the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after buying an additional 16,093 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of One Stop Systems during the 2nd quarter valued at approximately $61,000. Renaissance Technologies LLC boosted its stake in shares of One Stop Systems by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in shares of One Stop Systems in the 2nd quarter worth approximately $35,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

One Stop Systems Company Profile

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.