One Stop Systems, Inc. (NASDAQ:OSS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

One Stop Systems, Inc. (NASDAQ:OSS) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

Several research analysts have issued reports on OSS shares. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Roth Capital restated a “buy” rating and set a $18.00 price objective on shares of One Stop Systems in a report on Wednesday, May 6th. Zacks Research lowered One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings cut One Stop Systems from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of One Stop Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th.

Insiders Place Their Bets

In other One Stop Systems news, Director David George Bassett sold 8,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.64, for a total value of $141,120.00. Following the transaction, the director directly owned 24,984 shares of the company’s stock, valued at approximately $440,717.76. This trade represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Tuesday, May 26th. The shares were 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 $863,098.08. This represents a 9.26% decrease in their ownership of the stock. 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 worth $369,380. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On One Stop Systems

Several large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC acquired a new position in One Stop Systems during the 4th quarter valued at about $29,000. Marex Group plc purchased a new stake in shares of One Stop Systems in the second quarter worth approximately $36,000. Legal & General Group Plc bought a new position in shares of One Stop Systems in the second quarter valued at approximately $39,000. Walleye Capital LLC bought a new position in shares of One Stop Systems in the second quarter valued at approximately $46,000. Finally, Global Retirement Partners LLC purchased a new position in shares of One Stop Systems during the second quarter valued at approximately $73,000. Institutional investors own 32.67% of the company’s stock.

One Stop Systems Price Performance

OSS stock opened at $13.44 on Tuesday. The stock has a market capitalization of $335.19 million, a PE ratio of 268.85 and a beta of 1.46. The company’s 50-day moving average is $14.61 and its 200-day moving average is $12.37. One Stop Systems has a 1 year low of $4.17 and a 1 year high of $20.88.

One Stop Systems (NASDAQ:OSS) last issued its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. One Stop Systems had a return on equity of 2.22% and a net margin of 2.67%.The company had revenue of $9.35 million during the quarter, compared to the consensus estimate of $8.50 million. During the same period last year, the business posted ($0.09) EPS. On average, analysts anticipate that One Stop Systems will post -0.1 earnings per share for the current fiscal 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.