One Stop Systems (NASDAQ:OSS) Upgraded to “Buy” at Alliance Global Partners

One Stop Systems (NASDAQ:OSS) was upgraded by research analysts at Alliance Global Partners from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $4.50 target price on the stock, up from their previous target price of $3.25. Alliance Global Partners’ price target suggests a potential upside of 92.31% from the company’s current price.

One Stop Systems Trading Up 4.0 %

Shares of OSS stock traded up $0.09 during mid-day trading on Wednesday, reaching $2.34. The stock had a trading volume of 71,353 shares, compared to its average volume of 90,731. The company has a market cap of $49.23 million, a P/E ratio of -6.47 and a beta of 1.28. One Stop Systems has a 12-month low of $1.79 and a 12-month high of $4.57. The business has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.36.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $13.20 million for the quarter, compared to analyst estimates of $13.00 million. One Stop Systems had a negative return on equity of 13.22% and a negative net margin of 14.41%. Research analysts anticipate that One Stop Systems will post -0.26 EPS for the current year.

Insider Activity

In related news, Director Joseph M. Jr. Manko purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $1.94 per share, with a total value of $97,000.00. Following the completion of the purchase, the director now directly owns 1,149,899 shares in the company, valued at approximately $2,230,804.06. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On One Stop Systems

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of One Stop Systems by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 698,226 shares of the company’s stock valued at $2,276,000 after buying an additional 13,036 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of One Stop Systems by 24.3% during the third 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 period. Renaissance Technologies LLC lifted 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. Vontobel Holding Ltd. boosted its stake in shares of One Stop Systems by 120.0% in the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock valued at $79,000 after purchasing an additional 18,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in One Stop Systems during the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 32.67% of the company’s stock.

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.