Rosenblatt Securities assumed coverage on shares of OneSpan (NASDAQ:OSPN - Free Report) in a research note published on Friday, MarketBeat.com reports. The firm issued a buy rating and a $20.00 price target on the stock.
OneSpan Price Performance
OSPN stock traded down $0.26 during midday trading on Friday, hitting $14.98. 213,640 shares of the company's stock were exchanged, compared to its average volume of 397,174. OneSpan has a 12-month low of $7.64 and a 12-month high of $16.41. The firm has a 50 day moving average price of $14.42 and a 200-day moving average price of $12.51.
OneSpan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating 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 business had revenue of $60.92 million during the quarter. During the same quarter last year, the firm posted ($0.27) earnings per share. Analysts predict that OneSpan will post 0.94 earnings per share for the current fiscal year.
Institutional Investors Weigh In On OneSpan
Institutional investors have recently made changes to their positions in the company. Quarry LP increased its holdings in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company's stock valued at $28,000 after acquiring an additional 1,936 shares during the last quarter. Quest Partners LLC grew its stake in OneSpan by 2,952.6% during the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company's stock worth $31,000 after buying an additional 2,303 shares during the last quarter. TFO Wealth Partners LLC grew its stake in OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company's stock worth $38,000 after buying an additional 3,498 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in OneSpan during the 2nd quarter worth $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OneSpan by 64.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company's stock worth $56,000 after buying an additional 2,027 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.
About OneSpan
(
Get Free Report)
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.
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