Inspire Investing LLC Buys New Holdings in OneSpan Inc. (NASDAQ:OSPN)

Inspire Investing LLC purchased a new position in OneSpan Inc. (NASDAQ:OSPN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,760 shares of the company's stock, valued at approximately $880,000. Inspire Investing LLC owned about 0.14% of OneSpan at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OSPN. Acadian Asset Management LLC increased its stake in shares of OneSpan by 1,038.5% during the 2nd 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 acquired a new position in OneSpan during the first quarter worth $2,997,000. AQR Capital Management LLC raised its holdings in OneSpan by 242.0% during the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company's stock valued at $4,106,000 after buying an additional 226,604 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of OneSpan by 8.5% in the first 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 during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of OneSpan during the 1st quarter worth about $2,553,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Trading Down 2.0 %

OneSpan stock traded down $0.32 on Tuesday, reaching $15.59. 201,171 shares of the stock were exchanged, compared to its average volume of 403,053. The stock has a market cap of $590.02 million, a PE ratio of -86.61 and a beta of 0.76. The firm has a fifty day moving average price of $15.57 and a two-hundred day moving average price of $13.57. OneSpan Inc. has a twelve month low of $7.64 and a twelve month high of $16.68.

OneSpan (NASDAQ:OSPN - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same quarter in the previous year, the company earned ($0.27) EPS. Equities analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Rosenblatt Securities started coverage on OneSpan in a research note on Friday, September 6th. They issued a "buy" rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.38.

OneSpan 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.