OneSpan (NASDAQ:OSPN - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Monday.
Several other analysts have also recently commented on OSPN. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of OneSpan in a report on Monday, October 28th. Sidoti raised OneSpan from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $19.00 in a report on Thursday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $17.13.
View Our Latest Stock Report on OSPN
OneSpan Stock Performance
OSPN traded up $0.50 during trading on Monday, hitting $16.68. The stock had a trading volume of 588,604 shares, compared to its average volume of 402,883. The firm has a market capitalization of $633.67 million, a P/E ratio of 22.54 and a beta of 0.75. OneSpan has a twelve month low of $8.06 and a twelve month high of $17.73. The company's 50-day moving average price is $15.49 and its 200 day moving average price is $13.97.
OneSpan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. OneSpan had a net margin of 11.73% and a return on equity of 23.27%. The firm had revenue of $60.92 million during the quarter. During the same period in the prior year, the company earned ($0.27) earnings per share. As a group, equities analysts expect that OneSpan will post 1.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On OneSpan
Several hedge funds have recently bought and sold shares of OSPN. Essex Investment Management Co. LLC increased its position in shares of OneSpan by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company's stock valued at $4,268,000 after buying an additional 681 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company's stock valued at $749,000 after purchasing an additional 1,400 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of OneSpan by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company's stock worth $598,000 after purchasing an additional 1,706 shares in the last quarter. Quarry LP raised its position in shares of 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in OneSpan by 42.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company's stock valued at $95,000 after buying an additional 2,215 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other 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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