Covestor Ltd Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Covestor Ltd purchased a new stake in OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,883 shares of the company’s stock, valued at approximately $65,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock worth $32,499,000 after buying an additional 219,907 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of OneSpan by 30.1% in the 2nd quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock worth $4,182,000 after purchasing an additional 75,381 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in OneSpan by 1,038.5% during the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock valued at $4,154,000 after acquiring an additional 295,739 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in OneSpan by 242.0% during the 2nd quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock valued at $4,106,000 after acquiring an additional 226,604 shares during the period. Institutional investors own 95.52% of the company’s stock.

OneSpan Stock Down 1.5 %

OSPN stock opened at $17.34 on Friday. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $17.89. The firm has a market cap of $658.76 million, a PE ratio of 23.43 and a beta of 0.75. The business has a 50 day moving average of $15.77 and a 200 day moving average of $14.34.

Wall Street Analyst Weigh In

A number of research firms have commented on OSPN. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of OneSpan in a research report on Monday, October 28th. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.13.

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.