Allspring Global Investments Holdings LLC Takes $158,000 Position in OneSpan Inc. (NASDAQ:OSPN)

Allspring Global Investments Holdings LLC acquired a new position in OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,469 shares of the company’s stock, valued at approximately $158,000.

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

Wall Street Analysts Forecast Growth

OSPN has been the subject of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a research report on Monday, October 28th. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $19.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.13.

OneSpan Trading Down 3.0 %

OSPN stock opened at $16.18 on Monday. The company’s 50 day moving average is $15.49 and its 200 day moving average is $13.94. The stock has a market cap of $614.68 million, a price-to-earnings ratio of 21.86 and a beta of 0.75. OneSpan Inc. has a 1-year low of $7.93 and a 1-year high of $17.73.

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. OneSpan had a net margin of 11.73% and a return on equity of 23.27%. The firm had revenue of $60.92 million for the quarter. During the same period in the previous year, the company earned ($0.27) EPS. As a group, sell-side analysts forecast that OneSpan Inc. will post 1.12 EPS for the current fiscal 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.