Ellsworth Advisors LLC Invests $545,000 in OneSpan Inc. (NASDAQ:OSPN)

Ellsworth Advisors LLC bought a new stake in OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,695 shares of the company’s stock, valued at approximately $545,000. Ellsworth Advisors LLC owned about 0.09% of OneSpan as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovack Advisors Inc. grew its stake in shares of OneSpan by 109.0% in the first quarter. Kovack Advisors Inc. now owns 167,400 shares of the company’s stock valued at $1,947,000 after buying an additional 87,300 shares in the last quarter. Vanguard Group Inc. grew its position in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after acquiring an additional 219,907 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of OneSpan during the first quarter worth about $2,997,000. Janney Montgomery Scott LLC purchased a new position in shares of OneSpan in the first quarter valued at approximately $1,125,000. Finally, Acadian Asset Management LLC grew its holdings in shares of OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock valued at $4,154,000 after purchasing an additional 295,739 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

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

OneSpan Stock Performance

OSPN stock opened at $15.37 on Friday. The company’s 50 day moving average price is $15.58 and its 200 day moving average price is $13.60. The firm has a market capitalization of $581.69 million, a price-to-earnings ratio of -85.39 and a beta of 0.76. OneSpan Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $16.68.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. The business had revenue of $60.92 million during the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same period last year, the firm posted ($0.27) earnings per share. Equities analysts forecast 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.