One Stop Systems, Inc. (NASDAQ:OSS – Get Free Report) shares fell 1.5% during mid-day trading on Friday . The company traded as low as $1.93 and last traded at $1.96. 63,265 shares changed hands during trading, an increase of 36% from the average session volume of 46,402 shares. The stock had previously closed at $1.99.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. TheStreet downgraded shares of One Stop Systems from a “c-” rating to a “d+” rating in a report on Friday, August 11th. Lake Street Capital downgraded One Stop Systems from a “buy” rating to a “hold” rating and cut their price target for the stock from $3.50 to $3.00 in a research report on Friday, August 11th. Noble Financial reissued a “market perform” rating on shares of One Stop Systems in a report on Friday, August 11th. Finally, Alliance Global Partners lowered One Stop Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $4.00 to $2.75 in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, One Stop Systems currently has a consensus rating of “Hold” and an average price target of $3.58.
One Stop Systems Price Performance
One Stop Systems (NASDAQ:OSS – Get Free Report) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $17.21 million during the quarter, compared to analysts’ expectations of $17.50 million. One Stop Systems had a negative net margin of 8.35% and a negative return on equity of 13.31%. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, analysts predict that One Stop Systems, Inc. will post -0.19 EPS for the current year.
In related news, major shareholder Steve D. Cooper sold 203,591 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $2.80, for a total value of $570,054.80. Following the completion of the sale, the insider now owns 2,129,612 shares of the company’s stock, valued at approximately $5,962,913.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.
Institutional Trading of One Stop Systems
A number of institutional investors and hedge funds have recently modified their holdings of OSS. Bard Associates Inc. boosted its holdings in One Stop Systems by 3.4% in the 4th quarter. Bard Associates Inc. now owns 1,045,133 shares of the company’s stock worth $3,146,000 after buying an additional 34,275 shares during the last quarter. Lynrock Lake LP boosted its stake in shares of One Stop Systems by 15.4% in the fourth quarter. Lynrock Lake LP now owns 1,782,528 shares of the company’s stock worth $5,365,000 after acquiring an additional 238,227 shares during the last quarter. Geode Capital Management LLC increased its position in shares of One Stop Systems by 32.1% during the second quarter. Geode Capital Management LLC now owns 159,598 shares of the company’s stock worth $458,000 after purchasing an additional 38,787 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in One Stop Systems by 36.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,224 shares of the company’s stock valued at $192,000 after purchasing an additional 20,562 shares during the last quarter. Finally, State Street Corp lifted its holdings in One Stop Systems by 11.2% in the 1st quarter. State Street Corp now owns 45,476 shares of the company’s stock valued at $174,000 after purchasing an additional 4,576 shares in the last quarter. Hedge funds and other institutional investors own 28.24% of the company’s stock.
One Stop Systems Company Profile
One Stop Systems, Inc designs, manufactures, and markets high-performance compute and storage hardware, software, and systems for edge deployments in the United States and internationally. The company's systems are built using the graphical processing unit and solid-state flash technologies. It provides custom servers, data acquisition platforms, compute accelerators, solid-state storage arrays, PCIe expansion products, and system I/O expansion systems, as well as edge optimized industrial and panel PCs.
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