One Stop Systems (NASDAQ:OSS) Shares Down 6% - What's Next?

Key Points

• One Stop Systems (NASDAQ:OSS) experienced a significant decline of 6% in stock price, trading down to $5.95 from a previous close of $6.33.
• Analysts generally maintain a positive outlook, with a consensus rating of "Buy" and an average target price of $5.25.
• Institutional investors currently hold 32.67% of the company's stock, reflecting increased interest from hedge funds in the 4th quarter.

One Stop Systems, Inc. (NASDAQ:OSS - Get Free Report)'s share price fell 6% during trading on Friday . The stock traded as low as $5.78 and last traded at $5.95. 714,680 shares changed hands during trading, an increase of 15% from the average session volume of 623,697 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSS. Lake Street Capital set a $6.00 target price on shares of One Stop Systems and gave the company a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of One Stop Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Alliance Global Partners reiterated a "buy" rating on shares of One Stop Systems in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $5.25.

One Stop Systems Stock Performance

The stock's fifty day moving average price is $5.12 and its 200-day moving average price is $3.61. The company has a market capitalization of $125.37 million, a P/E ratio of -8.78 and a beta of 1.24.

Institutional Investors Weigh In On One Stop Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP raised its holdings in shares of One Stop Systems by 1,130.1% in the 2nd quarter. Marshall Wace LLP now owns 476,393 shares of the company's stock valued at $1,691,000 after purchasing an additional 437,664 shares during the period. Jane Street Group LLC raised its holdings in shares of One Stop Systems by 753.2% in the 2nd quarter. Jane Street Group LLC now owns 268,182 shares of the company's stock valued at $952,000 after purchasing an additional 236,750 shares during the period. Geode Capital Management LLC raised its holdings in shares of One Stop Systems by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 199,729 shares of the company's stock valued at $709,000 after purchasing an additional 1,837 shares during the period. Renaissance Technologies LLC raised its holdings in shares of One Stop Systems by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 69,900 shares of the company's stock valued at $234,000 after purchasing an additional 3,000 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of One Stop Systems in the 4th quarter valued at about $142,000. 32.67% of the stock is owned by institutional investors.

One Stop Systems Company Profile

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.