One Stop Systems (NASDAQ:OSS) Rating Increased 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 issued on Wednesday, Marketbeat Ratings reports. The firm currently has $4.50 price target on the stock, up from their previous price target of $3.25.

One Stop Systems Stock Performance

Shares of NASDAQ OSS opened at $2.36 on Wednesday. The firm has a fifty day moving average of $2.35 and a 200 day moving average of $2.36. The firm has a market cap of $49.65 million, a PE ratio of -6.56 and a beta of 1.28. One Stop Systems has a one year low of $1.79 and a one year high of $4.57.

One Stop Systems (NASDAQ:OSS) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The firm 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%. On average, equities analysts predict that One Stop Systems will post -0.26 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph M. Jr. Manko purchased 50,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $1.94 per share, for a total transaction of $97,000.00. Following the completion of the transaction, 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 SEC, which is available at this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSS. Legato Capital Management LLC purchased a new position in shares of One Stop Systems in the 2nd quarter valued at $35,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of One Stop Systems during the second quarter worth about $61,000. Vontobel Holding Ltd. grew its holdings in shares of One Stop Systems by 120.0% during the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after purchasing an additional 18,000 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of One Stop Systems by 15.7% during the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of One Stop Systems by 24.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after purchasing an additional 16,093 shares during the last quarter. 32.67% of the stock is owned by institutional investors and hedge funds.

About One Stop Systems

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.