OneSpan (NASDAQ:OSPN) Hits New 52-Week High at $16.41

OneSpan Inc. (NASDAQ:OSPN - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $16.41 and last traded at $16.40, with a volume of 243165 shares traded. The stock had previously closed at $15.76.

Wall Street Analysts Forecast Growth

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

OneSpan Price Performance

The stock has a market cap of $610.08 million, a PE ratio of -89.56 and a beta of 0.77. The business has a fifty day moving average of $13.86 and a 200 day moving average of $12.16.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The company had revenue of $60.92 million for the quarter. During the same period in the prior year, the business earned ($0.27) EPS. On average, equities research analysts expect that OneSpan Inc. will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after buying an additional 219,907 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of OneSpan by 30.1% in the 2nd quarter. Marshall Wace LLP now owns 326,208 shares of the company's stock worth $4,182,000 after purchasing an additional 75,381 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of OneSpan by 242.0% in the 2nd quarter. AQR Capital Management LLC now owns 320,259 shares of the company's stock worth $4,106,000 after purchasing an additional 226,604 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of OneSpan in the 1st quarter worth approximately $2,997,000. Institutional investors own 95.52% of the company's stock.

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.