Squarepoint Ops LLC Acquires 72,870 Shares of One Stop Systems, Inc. $OSS

Squarepoint Ops LLC boosted its stake in shares of One Stop Systems, Inc. (NASDAQ:OSS) by 124.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,346 shares of the company’s stock after buying an additional 72,870 shares during the period. Squarepoint Ops LLC’s holdings in One Stop Systems were worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc purchased a new position in shares of One Stop Systems in the 2nd quarter valued at $39,000. Global Retirement Partners LLC purchased a new stake in shares of One Stop Systems during the 2nd quarter worth $73,000. California State Teachers Retirement System bought a new stake in One Stop Systems during the second quarter valued at about $102,000. Quantbot Technologies LP purchased a new position in One Stop Systems in the second quarter valued at about $111,000. Finally, Strait & Sound Wealth Management LLC purchased a new position in One Stop Systems in the second quarter valued at about $182,000. Institutional investors own 32.67% of the company’s stock.

Analysts Set New Price Targets

OSS has been the subject of several analyst reports. Weiss Ratings lowered 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 raised shares of One Stop Systems to a “strong-buy” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of One Stop Systems from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Zacks Research cut shares of One Stop Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Lake Street Capital raised their target price on shares of One Stop Systems from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

One Stop Systems Price Performance

Shares of NASDAQ:OSS opened at $8.72 on Tuesday. One Stop Systems, Inc. has a 1 year low of $4.17 and a 1 year high of $20.88. The firm has a market capitalization of $217.48 million, a P/E ratio of 174.43 and a beta of 1.45. The business’s 50-day moving average is $12.00 and its 200 day moving average is $12.53.

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

One Stop Systems Profile

One Stop Systems, Inc (NASDAQ: OSS) designs and manufactures high-performance computing systems for applications that require rapid data processing in demanding environments. The company focuses on artificial intelligence and machine learning, sensor processing, data acquisition, and other compute-intensive workloads for defense, aerospace, industrial, and commercial customers.

Its product portfolio includes ruggedized servers, GPU-accelerated computing platforms, PCI Express expansion systems, high-performance storage solutions, and related hardware designed to connect processors, graphics processing units, sensors, and other specialized components.