One Stop Systems (NASDAQ:OSS) Shares Gap Up – Still a Buy?

One Stop Systems, Inc. (NASDAQ:OSS) shares 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings raised One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 23rd. Zacks Research downgraded shares of One Stop Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Roth Mkm reissued a “buy” rating and issued a $18.00 price target on shares of One Stop Systems in a report on Wednesday, May 6th. Alliance Global Partners reissued a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 6th. Finally, Lake Street Capital increased their price target on shares of One Stop Systems from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.00.

One Stop Systems Stock Up 16.2%

The firm has a market capitalization of $495.52 million, a P/E ratio of 79.89 and a beta of 1.41. The firm’s 50-day simple moving average is $13.62 and its 200-day simple moving average is $10.36.

One Stop Systems (NASDAQ:OSS) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.06. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. The business had revenue of $8.07 million during the quarter, compared to analyst estimates of $6.98 million. As a group, analysts expect that One Stop Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other One Stop Systems news, Director David George Bassett sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total value of $141,120.00. Following the completion of the sale, the director owned 24,984 shares of the company’s stock, valued at $440,717.76. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.52, for a total value of $140,160.00. Following the completion of the sale, the director directly owned 78,914 shares of the company’s stock, 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 sold a total of 21,000 shares of company stock valued at $369,380 over the last quarter. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On One Stop Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC bought a new position in shares of One Stop Systems during the 4th quarter valued at $29,000. Marex Group plc bought a new position in shares of One Stop Systems during the 2nd quarter valued at $36,000. FNY Investment Advisers LLC bought a new position in shares of One Stop Systems during the 4th quarter valued at $46,000. Walleye Capital LLC bought a new position in shares of One Stop Systems during the 2nd quarter valued at $46,000. Finally, DNB Asset Management AS bought a new position in shares of One Stop Systems during the 3rd quarter valued at $83,000. Institutional investors own 32.67% of the company’s stock.

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.