Connor Clark & Lunn Investment Management Ltd. bought a new stake in Onespan Inc (NASDAQ:OSPN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,825 shares of the company’s stock, valued at approximately $253,000.
Other institutional investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in Onespan in the first quarter valued at approximately $38,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Onespan by 3,600.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,700 shares of the company’s stock valued at $50,000 after buying an additional 3,600 shares during the period. KBC Group NV acquired a new position in Onespan in the second quarter valued at approximately $136,000. SG Americas Securities LLC acquired a new position in Onespan in the first quarter valued at approximately $196,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Onespan during the first quarter worth approximately $340,000. Hedge funds and other institutional investors own 68.17% of the company’s stock.
OSPN has been the topic of a number of research reports. B. Riley assumed coverage on Onespan in a research report on Tuesday, June 25th. They set a “buy” rating and a $22.00 target price on the stock. Wedbush reissued a “hold” rating and issued a $17.00 price target on shares of Onespan in a research report on Friday, July 26th. National Securities reissued a “buy” rating and issued a $23.00 price target on shares of Onespan in a research report on Friday, July 26th. Zacks Investment Research downgraded Onespan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, ValuEngine upgraded Onespan from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Onespan presently has a consensus rating of “Buy” and an average target price of $20.20.
Shares of OSPN stock traded down $0.21 on Friday, hitting $16.38. 7,464 shares of the stock were exchanged, compared to its average volume of 115,714. The firm’s 50 day moving average is $14.02 and its two-hundred day moving average is $16.01. The firm has a market capitalization of $636.89 million, a PE ratio of 45.50, a P/E/G ratio of 4.83 and a beta of 2.12. The company has a current ratio of 2.88, a quick ratio of 2.56 and a debt-to-equity ratio of 0.03. Onespan Inc has a one year low of $11.41 and a one year high of $21.61.
Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Onespan had a positive return on equity of 2.45% and a negative net margin of 2.30%. The company had revenue of $56.20 million for the quarter, compared to analysts’ expectations of $56.29 million. During the same period last year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Onespan Inc will post 0.33 earnings per share for the current year.
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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