OneSpan (NASDAQ:OSPN) Sets New 1-Year High at $16.64

OneSpan Inc. (NASDAQ:OSPN - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $16.64 and last traded at $16.64, with a volume of 342 shares traded. The stock had previously closed at $16.21.

Wall Street Analyst Weigh In

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

OneSpan Stock Up 0.4 %

The firm has a market cap of $616.52 million, a PE ratio of -90.94 and a beta of 0.77. The business has a 50 day simple moving average of $14.76 and a two-hundred day simple moving average of $12.82.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data 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 company had revenue of $60.92 million for the quarter. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Equities analysts forecast that OneSpan Inc. will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OSPN. Acadian Asset Management LLC boosted its stake in shares of OneSpan by 1,038.5% during 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. Los Angeles Capital Management LLC bought a new stake in OneSpan during the 1st quarter valued at $2,997,000. AQR Capital Management LLC raised its position 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 acquiring an additional 226,604 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 219,907 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of OneSpan during the 1st quarter worth $2,553,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Company 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.