Kovack Advisors Inc. Raises Holdings in OneSpan Inc. (NASDAQ:OSPN)

Kovack Advisors Inc. lifted its stake in OneSpan Inc. (NASDAQ:OSPN) by 109.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 167,400 shares of the company’s stock after acquiring an additional 87,300 shares during the period. Kovack Advisors Inc.’s holdings in OneSpan were worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of OneSpan by 7.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,504 shares of the company’s stock worth $812,000 after buying an additional 5,528 shares during the last quarter. Kennedy Capital Management LLC raised its stake in OneSpan by 93.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after acquiring an additional 144,883 shares during the last quarter. Vanguard Group Inc. raised its stake in OneSpan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after acquiring an additional 11,757 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in OneSpan during the 4th quarter worth about $219,000. Finally, SG Americas Securities LLC purchased a new stake in OneSpan during the 4th quarter valued at about $112,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

OneSpan Trading Up 0.7 %

OneSpan stock traded up $0.09 during mid-day trading on Thursday, hitting $12.63. The company had a trading volume of 193,439 shares, compared to its average volume of 386,154. OneSpan Inc. has a 12-month low of $7.64 and a 12-month high of $14.88. The company’s fifty day moving average is $12.57 and its 200-day moving average is $11.20.

OneSpan (NASDAQ:OSPN) last posted its earnings results on Thursday, May 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.26. The firm had revenue of $64.84 million during the quarter. OneSpan had a negative net margin of 3.29% and a positive return on equity of 6.13%. Analysts anticipate that OneSpan Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

OSPN has been the subject of several research analyst reports. StockNews.com upgraded OneSpan from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. DA Davidson raised their price target on shares of OneSpan from $12.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Craig Hallum upped their price objective on shares of OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Sidoti downgraded 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.

OneSpan Profile

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.