StockNews.com Upgrades OneSpan (NASDAQ:OSPN) to Buy

OneSpan (NASDAQ:OSPN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other brokerages have also recently issued reports on OSPN. DA Davidson increased their price objective on OneSpan from $12.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Craig Hallum lifted their price objective on OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a report 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 for the company. in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

OneSpan Stock Down 2.1 %

OSPN stock opened at $12.09 on Monday. OneSpan has a twelve month low of $7.64 and a twelve month high of $17.20. The firm’s fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $10.24. The stock has a market capitalization of $457.61 million, a price-to-earnings ratio of -67.16 and a beta of 0.82.

OneSpan (NASDAQ:OSPN) last released 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. OneSpan had a positive return on equity of 6.13% and a negative net margin of 3.29%. The firm had revenue of $62.93 million for the quarter. As a group, equities research analysts expect that OneSpan will post 0.71 EPS for the current year.

Insider Transactions at OneSpan

In related news, Director Michael J. Mcconnell acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the acquisition, the director now directly owns 73,849 shares in the company, valued at approximately $725,935.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On OneSpan

A number of institutional investors have recently bought and sold shares of OSPN. TFO Wealth Partners LLC grew 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 valued at $38,000 after acquiring an additional 3,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OneSpan by 64.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after purchasing an additional 2,027 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of OneSpan in the fourth quarter valued at about $95,000. SG Americas Securities LLC acquired a new position in OneSpan during the fourth quarter worth about $112,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in OneSpan by 100.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock valued at $129,000 after acquiring an additional 5,578 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

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.