Inspire Investing LLC Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Inspire Investing LLC acquired a new position in shares of OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, HoldingsChannel reports. The firm acquired 52,760 shares of the company’s stock, valued at approximately $880,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its position in OneSpan by 860.4% in the second quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares during the last quarter. Quest Partners LLC boosted its position in shares of OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after buying an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of OneSpan in the second quarter valued at $41,000. Point72 Asset Management L.P. purchased a new stake in shares of OneSpan in the 2nd quarter valued at $74,000. Finally, CWM LLC lifted its stake in OneSpan by 872.1% during the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock worth $80,000 after acquiring an additional 5,599 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

OneSpan Stock Up 1.4 %

NASDAQ:OSPN opened at $15.92 on Tuesday. The company has a market capitalization of $602.32 million, a PE ratio of -88.42 and a beta of 0.76. OneSpan Inc. has a 52-week low of $7.64 and a 52-week high of $16.68. The stock’s 50 day moving average price is $15.55 and its 200 day moving average price is $13.55.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. The business had revenue of $60.92 million during the quarter. During the same quarter last year, the company posted ($0.27) EPS. As a group, sell-side analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities initiated coverage on shares of OneSpan in a research note on Friday, September 6th. They set a “buy” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.38.

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.