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

Shares of One Stop Systems, Inc. (NASDAQ:OSS) gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Alliance Global Partners restated a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Weiss Ratings upgraded One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 23rd. Lake Street Capital increased their target price on One Stop Systems from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, June 5th. Zacks Research cut One Stop Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Roth Mkm restated a “buy” rating and set a $18.00 target price on shares of One Stop Systems in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

One Stop Systems Trading Up 16.2%

The company has a market cap of $495.52 million, a PE ratio of 79.89 and a beta of 1.41. The business has a fifty day moving average of $13.62 and a 200-day moving average of $10.36.

One Stop Systems (NASDAQ:OSS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.98 million. As a group, research analysts predict that One Stop Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity at One Stop Systems

In related news, Director David George Bassett sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total transaction of $141,120.00. Following the transaction, the director owned 24,984 shares in the company, valued at $440,717.76. The trade was a 24.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated 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 owned 78,914 shares in the company, valued at approximately $1,382,573.28. This represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 21,000 shares of company stock worth $369,380 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OSS. Smartleaf Asset Management LLC purchased a new position in One Stop Systems during the 4th quarter valued at about $29,000. Marex Group plc purchased a new stake in One Stop Systems in the second quarter worth about $36,000. FNY Investment Advisers LLC purchased a new stake in One Stop Systems in the fourth quarter worth about $46,000. Walleye Capital LLC purchased a new stake in One Stop Systems in the second quarter worth about $46,000. Finally, DNB Asset Management AS purchased a new stake in One Stop Systems in the third quarter worth about $83,000. 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.