One Stop Systems (NASDAQ:OSS) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of One Stop Systems (NASDAQ:OSS) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Other equities research analysts have also issued reports about the company. Zacks Research lowered One Stop Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Roth Capital restated a “buy” rating and issued a $18.00 target price on shares of One Stop Systems in a research report on Wednesday, May 6th. Lake Street Capital lifted their price target 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. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded One Stop Systems from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

One Stop Systems Stock Down 0.6%

OSS stock opened at $13.24 on Friday. The stock has a market capitalization of $330.21 million, a P/E ratio of 264.85 and a beta of 1.46. The firm has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $12.26. One Stop Systems has a 52 week low of $4.17 and a 52 week high of $20.88.

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 net margin of 2.67% and a return on equity of 2.21%. The firm had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. On average, analysts expect that One Stop Systems will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other One Stop Systems news, Director David George Bassett sold 8,000 shares of One Stop Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.64, for a total transaction of $141,120.00. Following the completion of the sale, the director directly owned 24,984 shares in the company, valued at $440,717.76. This trade represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mitchell H. Herbets sold 5,000 shares of One Stop Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.62, for a total transaction of $88,100.00. Following the completion of the sale, the director owned 48,984 shares of the company’s stock, valued at $863,098.08. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $369,380 over the last 90 days. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new position in shares of One Stop Systems in the fourth quarter valued at approximately $29,000. Marex Group plc purchased a new position in One Stop Systems in the 2nd quarter valued at approximately $36,000. Walleye Capital LLC purchased a new position in One Stop Systems in the 2nd quarter valued at approximately $46,000. Global Retirement Partners LLC acquired a new position in shares of One Stop Systems in the second quarter worth $73,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in shares of One Stop Systems in the first quarter worth $84,000. Hedge funds and other institutional investors own 32.67% of the company’s stock.

One Stop Systems Company Profile

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.