Algert Global LLC Grows Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Algert Global LLC raised its holdings in OneSpan Inc. (NASDAQ:OSPN) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,162 shares of the company’s stock after buying an additional 74,880 shares during the quarter. Algert Global LLC owned approximately 0.64% of OneSpan worth $3,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC increased its position in 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 purchasing an additional 2,303 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after buying an additional 3,498 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of OneSpan in the 2nd quarter worth $41,000. CWM LLC boosted its holdings in OneSpan by 872.1% in the second quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after acquiring an additional 5,599 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in OneSpan by 42.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock valued at $95,000 after acquiring an additional 2,215 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Trading Down 7.1 %

Shares of OneSpan stock opened at $15.49 on Wednesday. The company has a fifty day moving average price of $15.39 and a 200 day moving average price of $13.25. OneSpan Inc. has a twelve month low of $7.64 and a twelve month high of $16.68. The stock has a market cap of $586.23 million, a price-to-earnings ratio of -86.06 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last issued 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. The company 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 period in the previous year, the company earned ($0.27) EPS. Analysts forecast that OneSpan Inc. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities started coverage on OneSpan in a report on Friday, September 6th. They issued a “buy” rating and a $20.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.