One Stop Systems, Inc. (NASDAQ:OSS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of One Stop Systems, Inc. (NASDAQ:OSS) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.00.

OSS has been the subject of a number of research analyst reports. Roth Mkm reiterated a “buy” rating and issued a $18.00 price target on shares of One Stop Systems in a report on Wednesday, May 6th. Weiss Ratings upgraded One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 23rd. Zacks Research downgraded One Stop Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Finally, Lake Street Capital boosted their price target on One Stop Systems from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, June 5th.

Insider Buying and Selling

In related news, Director Mitchell H. Herbets sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.62, for a total transaction of $88,100.00. Following the completion of the transaction, the director directly owned 48,984 shares in the company, valued at $863,098.08. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director David George Bassett sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total value of $141,120.00. Following the transaction, the director owned 24,984 shares of the company’s stock, valued at approximately $440,717.76. The trade was a 24.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 21,000 shares of company stock worth $369,380 in the last three months. 3.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OSS. Bank of America Corp DE grew its stake in shares of One Stop Systems by 129,005.6% in the first quarter. Bank of America Corp DE now owns 23,239 shares of the company’s stock worth $176,000 after purchasing an additional 23,221 shares in the last quarter. Strait & Sound Wealth Management LLC bought a new position in shares of One Stop Systems in the first quarter worth $84,000. Sei Investments Co. grew its stake in shares of One Stop Systems by 66.9% in the first quarter. Sei Investments Co. now owns 166,632 shares of the company’s stock worth $1,261,000 after purchasing an additional 66,784 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of One Stop Systems in the first quarter worth $159,000. Finally, SG Americas Securities LLC bought a new position in shares of One Stop Systems in the first quarter worth $212,000. 32.67% of the stock is currently owned by institutional investors.

One Stop Systems Trading Up 0.3%

Shares of NASDAQ OSS opened at $15.76 on Thursday. One Stop Systems has a twelve month low of $3.39 and a twelve month high of $20.88. The company has a market capitalization of $389.92 million, a price-to-earnings ratio of 63.04 and a beta of 1.42. The business has a 50 day simple moving average of $13.05 and a 200-day simple moving average of $10.10.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. One Stop Systems had a negative return on equity of 0.24% and a net margin of 12.44%.The business had revenue of $8.07 million during the quarter, compared to the consensus estimate of $6.98 million. As a group, equities analysts predict that One Stop Systems will post -0.08 earnings per share for the current year.

About One Stop Systems

One Stop Systems, Inc (NASDAQ: OSS) develops and manufactures high-performance computing and storage systems tailored for mission-critical and harsh-environment applications. The company’s solutions are designed to deliver accelerated processing, high-throughput data handling and reliability in confined or ruggedized form factors. OSS leverages advanced cooling, power management and custom enclosures to support demanding workloads in settings where off-the-shelf hardware may fall short.

The company’s product portfolio includes GPU-accelerated servers, embedded single-board computers, high-speed RAID storage arrays and integrated system solutions.