IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 19.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,310 shares of the company's stock after buying an additional 21,705 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.35% of OneSpan worth $1,709,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of OneSpan in the 1st quarter worth approximately $2,997,000. Vanguard Group Inc. boosted its stake in OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock valued at $32,499,000 after purchasing an additional 219,907 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in OneSpan during the 1st quarter valued at $2,553,000. Assenagon Asset Management S.A. increased its position in shares of OneSpan by 293.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 158,326 shares of the company's stock valued at $2,030,000 after purchasing an additional 118,061 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of OneSpan in the 1st quarter worth $1,125,000. Institutional investors own 95.52% of the company's stock.
OneSpan Trading Up 2.7 %
Shares of NASDAQ OSPN traded up $0.43 during mid-day trading on Thursday, reaching $16.16. The company had a trading volume of 219,536 shares, compared to its average volume of 402,559. The company has a 50-day moving average price of $14.11 and a two-hundred day moving average price of $12.32. The stock has a market cap of $611.98 million, a PE ratio of -89.77 and a beta of 0.77. OneSpan Inc. has a 1-year low of $7.64 and a 1-year high of $16.41.
OneSpan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.08. The business had revenue of $60.92 million for the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same quarter in the prior year, the firm posted ($0.27) EPS. On average, research analysts expect that OneSpan Inc. will post 0.94 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Craig Hallum raised their target price on OneSpan from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of OneSpan from a "hold" rating to a "buy" rating in a research report on Monday, May 6th. Finally, DA Davidson boosted their target price on shares of OneSpan from $12.00 to $12.50 and gave the stock a "neutral" rating in a report on Friday, May 3rd.
Check Out Our Latest Stock Analysis on OSPN
OneSpan Profile
(
Free Report)
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.
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