Mirae Asset Global Investments Co. Ltd. lifted its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,766 shares of the company's stock after purchasing an additional 117,463 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 3.71% of OneSpan worth $15,863,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in OneSpan in the third quarter valued at approximately $1,968,000. Moody National Bank Trust Division bought a new position in OneSpan in the fourth quarter valued at approximately $219,000. Kennedy Capital Management LLC boosted its stake in OneSpan by 93.4% in the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company's stock valued at $3,225,000 after acquiring an additional 144,883 shares during the last quarter. Vanguard Group Inc. boosted its stake in OneSpan by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company's stock valued at $34,202,000 after acquiring an additional 11,757 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in OneSpan in the third quarter valued at approximately $234,000. Institutional investors and hedge funds own 95.52% of the company's stock.
OneSpan Price Performance
Shares of NASDAQ OSPN traded up $0.08 during midday trading on Thursday, reaching $10.39. 248,715 shares of the stock were exchanged, compared to its average volume of 401,159. The business has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.17. The company has a market capitalization of $392.64 million, a price-to-earnings ratio of -14.04 and a beta of 0.80. OneSpan Inc. has a 12 month low of $7.64 and a 12 month high of $18.61.
OneSpan (NASDAQ:OSPN - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.17. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. The firm had revenue of $62.93 million during the quarter. Equities research analysts expect that OneSpan Inc. will post 0.71 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Michael J. Mcconnell bought 5,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the purchase, the director now owns 73,849 shares of the company's stock, valued at approximately $725,935.67. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on OSPN. Sidoti cut shares of OneSpan from a "buy" rating to a "neutral" rating and set a $12.00 price target on the stock. in a research report on Tuesday, April 2nd. StockNews.com raised shares of OneSpan from a "hold" rating to a "buy" rating in a research report on Wednesday.
Check Out Our Latest Research Report on OSPN
OneSpan Company Profile
(
Free Report)
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.
See Also
Before you consider OneSpan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneSpan wasn't on the list.
While OneSpan currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
