EAM Global Investors LLC bought a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 71,778 shares of the company’s stock, valued at approximately $1,380,000.

Several other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Onespan by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 305,623 shares of the company’s stock valued at $5,822,000 after acquiring an additional 31,353 shares in the last quarter. Teachers Advisors LLC raised its holdings in Onespan by 8.0% in the third quarter. Teachers Advisors LLC now owns 68,186 shares of the company’s stock valued at $1,299,000 after acquiring an additional 5,054 shares in the last quarter. Morgan Stanley raised its holdings in Onespan by 29.0% in the third quarter. Morgan Stanley now owns 162,632 shares of the company’s stock valued at $3,098,000 after acquiring an additional 36,516 shares in the last quarter. Vanguard Group Inc. raised its holdings in Onespan by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock valued at $36,510,000 after acquiring an additional 105,798 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Onespan by 6.2% in the fourth quarter. Arizona State Retirement System now owns 48,355 shares of the company’s stock valued at $626,000 after acquiring an additional 2,839 shares in the last quarter. Institutional investors own 64.71% of the company’s stock.

Several analysts have weighed in on OSPN shares. Wedbush started coverage on shares of Onespan in a research note on Friday. They set a “neutral” rating and a $17.00 target price for the company. Zacks Investment Research upgraded shares of Onespan from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Thursday, April 25th. TheStreet lowered shares of Onespan from a “b-” rating to a “c” rating in a research note on Monday, April 29th. Finally, ValuEngine lowered shares of Onespan from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.67.

OSPN stock opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.34. Onespan Inc has a 1-year low of $11.41 and a 1-year high of $25.45. The firm has a market cap of $560.99 million, a price-to-earnings ratio of 60.65, a price-to-earnings-growth ratio of 3.40 and a beta of 2.16.

Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.16). Onespan had a negative net margin of 1.69% and a positive return on equity of 3.73%. The business had revenue of $47.61 million for the quarter, compared to the consensus estimate of $48.48 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts predict that Onespan Inc will post 0.41 earnings per share for the current fiscal year.

In other news, insider Scott Clements purchased 3,550 shares of the stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average price of $14.14 per share, for a total transaction of $50,197.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.30% of the stock is currently owned by corporate insiders.

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About Onespan

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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Institutional Ownership by Quarter for Onespan (NASDAQ:OSPN)

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