Rosenblatt Securities reaffirmed their buy rating on shares of OneSpan (NASDAQ:OSPN - Free Report) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $20.00 price objective on the stock.
OneSpan Trading Up 0.5 %
Shares of NASDAQ:OSPN traded up $0.08 during trading on Monday, hitting $14.66. 225,422 shares of the company were exchanged, compared to its average volume of 395,472. OneSpan has a fifty-two week low of $7.64 and a fifty-two week high of $16.68. The stock has a market cap of $555.17 million, a price-to-earnings ratio of 34.19 and a beta of 0.76. The firm has a fifty day moving average price of $15.53 and a two-hundred day moving average price of $13.78.
OneSpan (NASDAQ:OSPN - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The business had revenue of $60.92 million for the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. As a group, research analysts predict that OneSpan will post 0.94 EPS for the current year.
Institutional Investors Weigh In On OneSpan
A number of large investors have recently added to or reduced their stakes in the business. Kovack Advisors Inc. increased its stake in shares of OneSpan by 109.0% during the first quarter. Kovack Advisors Inc. now owns 167,400 shares of the company's stock worth $1,947,000 after purchasing an additional 87,300 shares during the period. Vanguard Group Inc. lifted its holdings in shares of OneSpan by 8.5% during the first 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 in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of OneSpan in the first quarter valued at about $1,125,000. Acadian Asset Management LLC grew its stake in shares of OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock valued at $4,154,000 after acquiring an additional 295,739 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in OneSpan during the second quarter worth about $662,000. Institutional investors own 95.52% of the company's stock.
About OneSpan
(
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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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