Meeder Asset Management Inc. Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Meeder Asset Management Inc. purchased a new position in shares of OneSpan Inc. (NASDAQ:OSPN) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,983 shares of the company’s stock, valued at approximately $166,000.

Several other institutional investors have also recently added to or reduced their stakes in OSPN. Quest Partners LLC grew its stake in shares of OneSpan by 2,952.6% in the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after purchasing an additional 2,303 shares during the last quarter. TFO Wealth Partners LLC grew its position in OneSpan by 15,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after buying an additional 3,498 shares during the last quarter. CWM LLC increased its stake in OneSpan by 872.1% in the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after buying an additional 5,599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneSpan by 42.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock worth $95,000 after buying an additional 2,215 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of OneSpan by 100.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after acquiring an additional 5,578 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities started coverage on shares of OneSpan in a report on Friday, September 6th. They set a “buy” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, OneSpan has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

OneSpan Stock Up 3.5 %

Shares of NASDAQ OSPN opened at $15.52 on Friday. The firm has a 50-day moving average price of $14.70 and a 200 day moving average price of $12.73. OneSpan Inc. has a 52 week low of $7.64 and a 52 week high of $16.41. The stock has a market capitalization of $587.37 million, a price-to-earnings ratio of -86.22 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The business had revenue of $60.92 million for the quarter. During the same period last year, the firm earned ($0.27) EPS. Equities research analysts expect that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

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.