Versor Investments LP Buys New Stake in OneSpan Inc. (NASDAQ:OSPN)

Versor Investments LP bought a new stake in OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,373 shares of the company’s stock, valued at approximately $340,000. Versor Investments LP owned approximately 0.05% of OneSpan as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OSPN. Essex Investment Management Co. LLC boosted its position in shares of OneSpan by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock worth $4,268,000 after purchasing an additional 681 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock worth $749,000 after acquiring an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of OneSpan by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock worth $598,000 after acquiring an additional 1,706 shares during the last quarter. Quarry LP raised its position in shares of OneSpan by 860.4% in the 2nd 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OneSpan by 42.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock worth $95,000 after purchasing an additional 2,215 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

OneSpan Price Performance

NASDAQ:OSPN opened at $16.72 on Friday. The firm has a market capitalization of $635.19 million, a P/E ratio of 22.59 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $17.89. The company’s fifty day moving average price is $15.80 and its 200-day moving average price is $14.38.

About OneSpan

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.