Millennium Management LLC Has $2.94 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Millennium Management LLC trimmed its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 67.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,995 shares of the company’s stock after selling 464,006 shares during the quarter. Millennium Management LLC’s holdings in OneSpan were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of OneSpan during the 1st quarter valued at $2,997,000. Allspring Global Investments Holdings LLC raised its stake in shares of OneSpan by 100.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock valued at $129,000 after acquiring an additional 5,578 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of OneSpan by 109.0% during the first quarter. Kovack Advisors Inc. now owns 167,400 shares of the company’s stock valued at $1,947,000 after acquiring an additional 87,300 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in OneSpan during the first quarter worth $1,125,000. Finally, Essex Investment Management Co. LLC bought a new stake in OneSpan in the first quarter valued at $2,553,000. Institutional investors own 95.52% of the company’s stock.

OneSpan Stock Up 1.4 %

NASDAQ OSPN opened at $15.92 on Tuesday. The company’s 50 day moving average is $15.55 and its 200-day moving average is $13.55. The firm has a market cap of $602.32 million, a P/E ratio of -88.42 and a beta of 0.76. OneSpan Inc. has a 12-month low of $7.64 and a 12-month high of $16.68.

OneSpan (NASDAQ:OSPN) last released its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $60.92 million for the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same period in the prior year, the business posted ($0.27) EPS. Equities analysts expect that OneSpan Inc. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities started coverage on shares of OneSpan in a report 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 assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.