OneSpan (NASDAQ:OSPN) Stock Price Up 3.9%

OneSpan Inc. (NASDAQ:OSPN - Get Free Report)'s share price traded up 3.9% during mid-day trading on Monday . The company traded as high as $16.14 and last traded at $16.12. 138,507 shares changed hands during trading, a decline of 65% from the average session volume of 391,021 shares. The stock had previously closed at $15.52.

Wall Street Analysts Forecast Growth

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

OneSpan Stock Up 4.4 %

The business has a fifty day moving average of $14.70 and a 200 day moving average of $12.78. The firm has a market cap of $613.87 million, a P/E ratio of -89.83 and a beta of 0.77.

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

Institutional Trading of OneSpan

Large investors have recently made changes to their positions in the company. Quarry LP increased its stake in OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company's stock worth $28,000 after purchasing an additional 1,936 shares in the last quarter. Quest Partners LLC increased its position in shares of OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company's stock worth $31,000 after acquiring an additional 2,303 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in shares of OneSpan by 15,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company's stock worth $38,000 after acquiring an additional 3,498 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in OneSpan in the 2nd quarter valued at $41,000. Finally, Point72 Asset Management L.P. acquired a new position in OneSpan in the 2nd quarter worth $74,000. 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.