OneSpan (NASDAQ:OSPN) Upgraded at Sidoti

Sidoti upgraded shares of OneSpan (NASDAQ:OSPN - Free Report) from a neutral rating to a buy rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has $19.00 price target on the stock, up from their previous price target of $14.00.

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of OneSpan in a research note on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.13.

OneSpan Stock Performance

Shares of OneSpan stock traded up $2.12 during trading hours on Thursday, hitting $16.68. The company's stock had a trading volume of 1,839,620 shares, compared to its average volume of 401,330. The company has a market cap of $631.27 million, a PE ratio of -92.67 and a beta of 0.76. The business has a 50 day moving average price of $15.47 and a two-hundred day moving average price of $13.85. OneSpan has a 12-month low of $7.72 and a 12-month high of $17.73.

OneSpan (NASDAQ:OSPN - Get Free Report) last posted its quarterly 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. The company had revenue of $60.92 million for the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same period in the prior year, the firm posted ($0.27) earnings per share. As a group, research analysts anticipate that OneSpan will post 0.94 earnings per share for the current year.

Institutional Investors Weigh In On OneSpan

Hedge funds have recently bought and sold shares of the business. 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 worth $28,000 after buying an additional 1,936 shares during the last quarter. Quest Partners LLC increased its stake in 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in OneSpan during the second quarter worth approximately $41,000. Point72 Asset Management L.P. purchased a new stake in OneSpan during the second quarter valued at approximately $74,000. Finally, CWM LLC lifted its stake in shares of OneSpan by 872.1% in the 2nd quarter. CWM LLC now owns 6,241 shares of the company's stock valued at $80,000 after purchasing an additional 5,599 shares during the last quarter. Hedge funds and other 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.