Squarepoint Ops LLC Makes New Investment in OneSpan Inc. (NASDAQ:OSPN)

Squarepoint Ops LLC acquired a new position in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 51,630 shares of the company's stock, valued at approximately $662,000. Squarepoint Ops LLC owned approximately 0.14% of OneSpan as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after buying an additional 219,907 shares in the last quarter. Marshall Wace LLP boosted its position in OneSpan by 30.1% in the second quarter. Marshall Wace LLP now owns 326,208 shares of the company's stock worth $4,182,000 after purchasing an additional 75,381 shares during the last quarter. Acadian Asset Management LLC boosted its position in OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in OneSpan in the first quarter worth about $2,997,000. Finally, Russell Investments Group Ltd. boosted its position in OneSpan by 9.8% in the first quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company's stock worth $2,593,000 after purchasing an additional 19,828 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Rosenblatt Securities initiated coverage on OneSpan in a research report on Friday, September 6th. They issued a "buy" rating and a $20.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, OneSpan currently has an average rating of "Moderate Buy" and a consensus price target of $15.38.

OneSpan Price Performance

Shares of OSPN stock traded up $0.28 during trading hours on Wednesday, reaching $15.50. 250,085 shares of the company traded hands, compared to its average volume of 406,723. OneSpan Inc. has a 12-month low of $7.64 and a 12-month high of $16.68. The company has a market cap of $586.61 million, a P/E ratio of -86.22 and a beta of 0.76. The firm has a 50-day moving average price of $15.46 and a 200 day moving average price of $13.43.

OneSpan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings data 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 firm 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 period in the previous year, the firm earned ($0.27) earnings per share. Sell-side analysts predict that OneSpan Inc. will post 0.94 EPS for the current year.

OneSpan Company Profile

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.