OneSpan (NASDAQ:OSPN) Hits New 12-Month High - What's Next?

OneSpan Inc. (NASDAQ:OSPN - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $18.00 and last traded at $18.00, with a volume of 498 shares. The stock had previously closed at $17.61.

Analyst Upgrades and Downgrades

OSPN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a report on Monday, November 4th. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of OneSpan in a report on Monday, October 28th. Finally, Sidoti upgraded shares of OneSpan from a "neutral" rating to a "buy" rating and boosted their target price for the company from $14.00 to $19.00 in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, OneSpan has a consensus rating of "Buy" and an average target price of $17.13.

OneSpan Price Performance

The business's 50-day moving average price is $15.77 and its 200 day moving average price is $14.34. The firm has a market capitalization of $658.76 million, a price-to-earnings ratio of 23.43 and a beta of 0.75.

Institutional Trading of OneSpan

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in shares of OneSpan by 100.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company's stock worth $129,000 after acquiring an additional 5,578 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of OneSpan in the 1st quarter valued at about $1,125,000. Russell Investments Group Ltd. increased its holdings in shares of OneSpan by 9.8% in the 1st quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company's stock valued at $2,593,000 after purchasing an additional 19,828 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in OneSpan by 46.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,957 shares of the company's stock worth $197,000 after buying an additional 5,390 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in OneSpan by 8.5% in 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 during the last quarter. 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.