One Stop Systems (NASDAQ:OSS) Shares Gap Up – Here’s Why

One Stop Systems, Inc. (NASDAQ:OSS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.23, but opened at $18.51. One Stop Systems shares last traded at $20.1670, with a volume of 774,151 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OSS shares. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Zacks Research downgraded One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings raised One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 23rd. Roth Mkm reissued a “buy” rating and set a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. Finally, Lake Street Capital boosted their price objective on One Stop Systems from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

One Stop Systems Stock Up 0.8%

The company has a 50 day simple moving average of $14.03 and a two-hundred day simple moving average of $10.54. The company has a market capitalization of $449.77 million, a P/E ratio of 72.72 and a beta of 1.42.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $6.98 million. As a group, research analysts expect that One Stop Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Mitchell H. Herbets sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 48,984 shares of the company’s stock, valued at approximately $863,098.08. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory W. Matz sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.52, for a total value of $140,160.00. Following the transaction, the director directly owned 78,914 shares in the company, valued at approximately $1,382,573.28. This represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 21,000 shares of company stock valued at $369,380. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. purchased a new stake in shares of One Stop Systems during the third quarter valued at $1,566,000. DNB Asset Management AS increased its stake in One Stop Systems by 883.4% in the 4th quarter. DNB Asset Management AS now owns 152,901 shares of the company’s stock worth $1,098,000 after buying an additional 137,353 shares during the period. Hillsdale Investment Management Inc. bought a new stake in One Stop Systems during the 4th quarter valued at about $221,000. Manatuck Hill Partners LLC lifted its holdings in One Stop Systems by 100.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the company’s stock valued at $718,000 after buying an additional 50,000 shares in the last quarter. Finally, Nkcfo LLC purchased a new stake in One Stop Systems in the 4th quarter valued at about $93,000. Institutional investors own 32.67% of the company’s stock.

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.