OneSpan Inc. (NASDAQ:OSPN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $17.74 and last traded at $17.70, with a volume of 142109 shares traded. The stock had previously closed at $17.32.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on OSPN. Sidoti raised shares of 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 research report on Thursday, October 31st. StockNews.com raised OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Monday, October 28th. One investment 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, OneSpan currently has a consensus rating of "Buy" and an average price target of $17.13.
Check Out Our Latest Stock Analysis on OneSpan
OneSpan Price Performance
The firm has a market capitalization of $661.79 million, a P/E ratio of 23.41 and a beta of 0.75. The business's 50-day moving average is $15.59 and its 200 day moving average is $14.11.
Institutional Investors Weigh In On OneSpan
Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC raised its stake in shares of OneSpan by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company's stock valued at $4,268,000 after acquiring an additional 681 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock worth $231,000 after acquiring an additional 884 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of OneSpan by 2.5% during the 2nd quarter. Victory Capital Management Inc. now owns 58,400 shares of the company's stock worth $749,000 after buying an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of OneSpan by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company's stock worth $598,000 after buying an additional 1,706 shares during the last quarter. Finally, Quarry LP lifted its holdings in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company's stock worth $28,000 after acquiring an additional 1,936 shares during the period. Institutional investors and hedge funds own 95.52% of the company's stock.
OneSpan Company Profile
(
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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