Squarepoint Ops LLC Makes New $662,000 Investment in OneSpan Inc. (NASDAQ:OSPN)

Squarepoint Ops LLC acquired a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,630 shares of the company’s stock, valued at approximately $662,000. Squarepoint Ops LLC owned about 0.14% of OneSpan as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quest Partners LLC raised 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 purchasing an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in OneSpan during the 2nd quarter worth about $41,000. CWM LLC lifted its stake in OneSpan by 872.1% during the second quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after buying an additional 5,599 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of OneSpan by 42.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock worth $95,000 after buying an additional 2,215 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of OneSpan by 100.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after acquiring an additional 5,578 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

OneSpan Trading Up 2.8 %

Shares of NASDAQ OSPN opened at $15.22 on Wednesday. The business has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $13.43. OneSpan Inc. has a one year low of $7.64 and a one year high of $16.68. The firm has a market capitalization of $576.38 million, a PE ratio of -84.55 and a beta of 0.76.

OneSpan (NASDAQ:OSPN) last issued its earnings results on Thursday, August 1st. The company reported $0.27 EPS 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 quarter last year, the firm earned ($0.27) EPS. Research analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities assumed coverage on shares of OneSpan in a research note on Friday, September 6th. They issued a “buy” rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.