Craig Hallum Raises OneSpan (NASDAQ:OSPN) Price Target to $17.00

OneSpan (NASDAQ:OSPN) had its target price lifted by Craig Hallum from $15.00 to $17.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of OneSpan from a buy rating to a hold rating in a research report on Friday, April 26th. Sidoti cut shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price target for the company. in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $13.83.

OneSpan Stock Performance

Shares of OneSpan stock traded down $0.04 during trading hours on Friday, hitting $12.35. The company’s stock had a trading volume of 477,249 shares, compared to its average volume of 390,866. The firm has a fifty day moving average of $10.64 and a 200-day moving average of $10.20. OneSpan has a twelve month low of $7.64 and a twelve month high of $17.20.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $62.93 million for the quarter. OneSpan had a negative net margin of 3.29% and a positive return on equity of 6.13%. Equities analysts forecast that OneSpan will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell acquired 5,000 shares of OneSpan stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $9.83 per share, with a total value of $49,150.00. Following the completion of the acquisition, the director now owns 73,849 shares in the company, valued at approximately $725,935.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On OneSpan

Hedge funds have recently bought and sold shares of the stock. TFO Wealth Partners LLC boosted its position in OneSpan by 15,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after acquiring an additional 3,498 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OneSpan by 64.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after buying an additional 2,027 shares during the period. Gladius Capital Management LP purchased a new position in OneSpan in the fourth quarter valued at about $95,000. SG Americas Securities LLC purchased a new position in OneSpan in the 4th quarter worth approximately $112,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in OneSpan by 100.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock valued at $129,000 after purchasing an additional 5,578 shares in 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.