OneSpan (NASDAQ:OSPN) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of OneSpan (NASDAQ:OSPN) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

A number of other research firms have also issued reports on OSPN. Craig Hallum upped their price target on OneSpan from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, May 3rd. DA Davidson raised their target price on OneSpan from $12.00 to $12.50 and gave the stock a neutral rating in a research note on Friday, May 3rd. Finally, Sidoti cut shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price target on the stock. in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, OneSpan currently has a consensus rating of Moderate Buy and an average target price of $13.83.

OneSpan Stock Performance

NASDAQ OSPN opened at $12.22 on Monday. The business has a fifty day moving average price of $10.80 and a 200 day moving average price of $10.25. The company has a market cap of $462.53 million, a P/E ratio of -67.89 and a beta of 0.82. OneSpan has a one year low of $7.64 and a one year high of $17.20.

OneSpan (NASDAQ:OSPN) last issued its earnings results on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $62.93 million during the quarter. OneSpan had a negative net margin of 3.29% and a positive return on equity of 6.13%. As a group, sell-side analysts predict that OneSpan will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other OneSpan news, Director Michael J. Mcconnell bought 5,000 shares of OneSpan stock in a transaction on Friday, March 15th. The shares were bought at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the transaction, the director now directly owns 73,849 shares of the company’s stock, valued at $725,935.67. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of OneSpan

A number of hedge funds and other institutional investors have recently modified their holdings of OSPN. Amalgamated Bank lifted its position in OneSpan by 10.7% in the third quarter. Amalgamated Bank now owns 17,851 shares of the company’s stock valued at $192,000 after buying an additional 1,722 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of OneSpan by 64.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock valued at $56,000 after acquiring an additional 2,027 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of OneSpan by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 50,700 shares of the company’s stock worth $544,000 after acquiring an additional 3,000 shares during the last quarter. TFO Wealth Partners LLC boosted its position in shares of OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after purchasing an additional 3,498 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in OneSpan by 46.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,957 shares of the company’s stock valued at $197,000 after purchasing an additional 5,390 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

OneSpan Company Profile

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.