Cwm LLC Boosts Holdings in OneSpan Inc. (NASDAQ:OSPN)

Cwm LLC boosted its position in OneSpan Inc. (NASDAQ:OSPN) by 68.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,499 shares of the company’s stock after acquiring an additional 4,258 shares during the period. Cwm LLC’s holdings in OneSpan were worth $175,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in shares of OneSpan during the second quarter worth about $74,000. Quarry LP raised its stake in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares during the period. Creative Planning grew its position in shares of OneSpan by 14.8% during the second quarter. Creative Planning now owns 22,404 shares of the company’s stock worth $287,000 after acquiring an additional 2,885 shares during the last quarter. Algert Global LLC grew its holdings in OneSpan by 44.5% in the 2nd quarter. Algert Global LLC now owns 243,162 shares of the company’s stock worth $3,117,000 after buying an additional 74,880 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of OneSpan during the second quarter valued at about $451,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Trading Down 3.6 %

OneSpan stock opened at $14.47 on Thursday. The firm’s fifty day simple moving average is $15.57 and its 200-day simple moving average is $13.71. OneSpan Inc. has a 1-year low of $7.64 and a 1-year high of $16.68. The company has a market capitalization of $547.63 million, a P/E ratio of -80.39 and a beta of 0.76.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned ($0.27) earnings per share. On average, equities research analysts predict that OneSpan Inc. will post 0.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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