OneSpan (NASDAQ:OSPN) Price Target Raised to $12.50

OneSpan (NASDAQ:OSPN) had its price target lifted by DA Davidson from $12.00 to $12.50 in a research report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock. DA Davidson also issued estimates for OneSpan’s Q2 2024 earnings at $0.12 EPS and FY2025 earnings at $0.93 EPS.

A number of other brokerages have also recently commented on OSPN. Craig Hallum upped their target price on shares of OneSpan from $15.00 to $17.00 and gave the company a buy rating in a report on Friday. Sidoti cut OneSpan from a buy rating to a neutral rating and set a $12.00 target price on the stock. in a report on Tuesday, April 2nd. Finally, StockNews.com lowered OneSpan from a buy rating to a hold rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, OneSpan currently has an average rating of Hold and an average price target of $13.83.

OneSpan Price Performance

NASDAQ OSPN opened at $12.39 on Friday. OneSpan has a 1-year low of $7.64 and a 1-year high of $17.20. The business’s fifty day moving average price is $10.64 and its 200-day moving average price is $10.20.

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

Insider Activity

In other OneSpan news, Director Michael J. Mcconnell bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the purchase, the director now owns 73,849 shares of the company’s stock, valued at $725,935.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On OneSpan

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in OneSpan by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock valued at $34,202,000 after acquiring an additional 11,757 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of OneSpan by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,479,766 shares of the company’s stock worth $15,863,000 after acquiring an additional 117,463 shares in the last quarter. Kennedy Capital Management LLC raised its stake in OneSpan by 93.4% during the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock valued at $3,225,000 after purchasing an additional 144,883 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of OneSpan in the 1st quarter valued at about $2,997,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of OneSpan in the 1st quarter valued at approximately $2,553,000. Institutional investors own 95.52% of the company’s stock.

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.