Essex Investment Management Co. LLC Purchases 681 Shares of OneSpan Inc. (NASDAQ:OSPN)

Essex Investment Management Co. LLC grew its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 0.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 256,029 shares of the company’s stock after buying an additional 681 shares during the period. Essex Investment Management Co. LLC’s holdings in OneSpan were worth $4,268,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

OneSpan Trading Up 1.7 %

OSPN traded up $0.26 during trading on Friday, hitting $15.69. 236,034 shares of the company’s stock traded hands, compared to its average volume of 517,212. OneSpan Inc. has a 12-month low of $7.64 and a 12-month high of $16.68. The company’s 50 day simple moving average is $15.52 and its two-hundred day simple moving average is $13.50. The stock has a market capitalization of $594.18 million, a price-to-earnings ratio of 36.49 and a beta of 0.76.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS 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 quarter in the previous year, the business posted ($0.27) earnings per share. On average, equities analysts expect that OneSpan Inc. will post 0.94 EPS for the current year.

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.