One Stop Systems Target of Unusually High Options Trading (NASDAQ:OSS)

Key Points

• Investors bought 9,014 call options on OSS Wednesday — a 213% increase over the average daily call volume of 2,877, indicating unusually strong bullish options activity.
• Shares jumped $5.55 to $15.32 on heavy volume (5.16M vs. average 2.08M) after OSS reported Q1 EPS of $0.01 (vs. -$0.05 consensus) and revenue of $8.07M, beating estimates.
• Brokerages have become more positive (average rating: Buy, average price target $10) and institutional investors like Millennium and Manatuck Hill materially increased stakes, with institutions owning about 32.67% of the stock.

One Stop Systems, Inc. (NASDAQ:OSS - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 9,014 call options on the stock. This is an increase of 213% compared to the average volume of 2,877 call options.

Hedge Funds Weigh In On One Stop Systems

A number of institutional investors have recently modified their holdings of OSS. Apollon Wealth Management LLC purchased a new stake in One Stop Systems in the 1st quarter valued at $159,000. SG Americas Securities LLC purchased a new stake in One Stop Systems in the 1st quarter valued at $212,000. Millennium Management LLC raised its position in One Stop Systems by 97.8% in the 4th quarter. Millennium Management LLC now owns 41,510 shares of the company's stock valued at $298,000 after buying an additional 20,524 shares during the last quarter. Manatuck Hill Partners LLC raised its position in One Stop Systems by 100.0% in the 4th 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 last quarter. Finally, 683 Capital Management LLC purchased a new stake in One Stop Systems in the 4th quarter valued at $648,000. 32.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OSS. Weiss Ratings raised One Stop Systems from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Monday, March 23rd. Zacks Research raised One Stop Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Finally, Lake Street Capital upped their target price on One Stop Systems from $9.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $10.00.

One Stop Systems Price Performance

Shares of NASDAQ:OSS traded up $5.55 during trading on Wednesday, reaching $15.32. 5,160,646 shares of the stock were exchanged, compared to its average volume of 2,082,537. One Stop Systems has a 1-year low of $2.33 and a 1-year high of $14.82. The stock has a fifty day moving average of $9.01 and a two-hundred day moving average of $7.95. The firm has a market cap of $379.35 million, a price-to-earnings ratio of 82.92 and a beta of 1.14.

One Stop Systems (NASDAQ:OSS - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.06. One Stop Systems had a negative return on equity of 5.59% and a net margin of 8.91%.The company had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. Sell-side analysts forecast that One Stop Systems will post -0.05 EPS for the current 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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