One Stop Systems (NASDAQ:OSS) Stock Rating Upgraded by 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 released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $4.50 target price on the stock, up from their previous target price of $3.25. Alliance Global Partners’ price target indicates a potential upside of 89.08% from the company’s previous close.

One Stop Systems Trading Up 0.8 %

OSS stock opened at $2.38 on Wednesday. One Stop Systems has a twelve month low of $1.79 and a twelve month high of $4.57. The company’s 50 day moving average is $2.34 and its two-hundred day moving average is $2.36. The stock has a market cap of $50.08 million, a P/E ratio of -6.61 and a beta of 1.28.

One Stop Systems (NASDAQ:OSS) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $13.20 million during the quarter, compared to analysts’ expectations of $13.00 million. One Stop Systems had a negative net margin of 14.41% and a negative return on equity of 13.22%. On average, equities research analysts predict that One Stop Systems will post -0.26 earnings per share for the current year.

Insiders Place Their Bets

In other One Stop Systems news, Director Joseph M. Jr. Manko acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $1.94 per share, for a total transaction of $97,000.00. Following the transaction, the director now directly owns 1,149,899 shares of the company’s stock, valued at approximately $2,230,804.06. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OSS. Vanguard Group Inc. increased its stake 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 acquiring an additional 13,036 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of One Stop Systems by 24.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after acquiring an additional 16,093 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of One Stop Systems by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $147,000 after acquiring an additional 8,300 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of One Stop Systems by 120.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock valued at $79,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of One Stop Systems during the 2nd quarter valued at about $61,000. Institutional investors and hedge funds 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.