Quest Partners LLC Purchases 20,607 Shares of OneSpan Inc. (NASDAQ:OSPN)

Quest Partners LLC boosted its position in OneSpan Inc. (NASDAQ:OSPN) by 865.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,988 shares of the company’s stock after purchasing an additional 20,607 shares during the period. Quest Partners LLC owned about 0.06% of OneSpan worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSPN. Quarry LP grew 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 valued at $28,000 after acquiring an additional 1,936 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in OneSpan in the 2nd quarter valued at $41,000. Covestor Ltd bought a new position in OneSpan in the 3rd quarter valued at $65,000. Point72 Asset Management L.P. purchased a new stake in shares of OneSpan during the 2nd quarter valued at $74,000. Finally, CWM LLC raised its stake in shares of OneSpan by 872.1% during the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock worth $80,000 after purchasing an additional 5,599 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OneSpan Stock Up 1.2 %

OSPN opened at $17.88 on Monday. The firm has a 50-day moving average price of $16.03 and a 200-day moving average price of $14.62. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $17.98. The company has a market capitalization of $679.26 million, a price-to-earnings ratio of 24.16 and a beta of 0.75.

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.