BlackRock Inc. Takes Position in One Stop Systems, Inc. $OSS

Key Points

• BlackRock acquired 1.84 million One Stop Systems shares worth approximately $33.4 million, giving it a 7.43% stake. Institutional investors collectively own 32.67% of the company.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $16.00, although ratings range from Strong Buy to Sell.
• OSS reported better-than-expected quarterly results, posting a loss of $0.01 per share versus the expected $0.03 loss and revenue of $9.35 million versus estimates of $8.50 million.

BlackRock Inc. purchased a new position in shares of One Stop Systems, Inc. (NASDAQ:OSS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,837,840 shares of the company's stock, valued at approximately $33,412,000. BlackRock Inc. owned 7.43% of One Stop Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Manatuck Hill Partners LLC increased its stake in shares of One Stop Systems by 100.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the company's stock valued at $718,000 after buying an additional 50,000 shares during the period. Sei Investments Co. raised its position in shares of One Stop Systems by 66.9% during the first quarter. Sei Investments Co. now owns 166,632 shares of the company's stock worth $1,261,000 after acquiring an additional 66,784 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of One Stop Systems in the fourth quarter worth approximately $221,000. DNB Asset Management AS lifted its stake in shares of One Stop Systems by 883.4% in the fourth quarter. DNB Asset Management AS now owns 152,901 shares of the company's stock worth $1,098,000 after acquiring an additional 137,353 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in One Stop Systems in the second quarter valued at approximately $1,136,000. Institutional investors own 32.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of One Stop Systems from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 25th. Clear Str upgraded shares of One Stop Systems to a "strong-buy" rating in a research report on Monday, July 13th. Alliance Global Partners reaffirmed a "buy" rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Lake Street Capital increased their price objective on shares of One Stop Systems from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. Finally, Roth Capital reissued a "buy" rating and set a $18.00 target price on shares of One Stop Systems in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $16.00.

One Stop Systems Stock Performance

Shares of OSS opened at $9.97 on Wednesday. One Stop Systems, Inc. has a 52-week low of $4.17 and a 52-week high of $20.88. The business's 50 day moving average price is $13.25 and its two-hundred day moving average price is $12.50. The firm has a market cap of $248.70 million, a PE ratio of 199.44 and a beta of 1.46.

One Stop Systems (NASDAQ:OSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. One Stop Systems had a net margin of 2.67% and a return on equity of 2.22%. The company had revenue of $9.35 million during the quarter, compared to analyst estimates of $8.50 million. During the same quarter in the previous year, the business posted ($0.09) EPS. Research analysts predict that One Stop Systems, Inc. will post -0.1 EPS for the current fiscal year.

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.

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