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

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

A number of other equities analysts also recently weighed in on OSPN. DA Davidson boosted their target price on shares of OneSpan from $12.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday. Craig Hallum boosted their price objective on shares of OneSpan from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Sidoti cut OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Tuesday, April 2nd. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

OneSpan Stock Down 0.3 %

NASDAQ:OSPN traded down $0.04 on Monday, reaching $12.35. The stock had a trading volume of 477,264 shares, compared to its average volume of 390,866. The company has a market capitalization of $467.45 million, a P/E ratio of -68.61 and a beta of 0.82. OneSpan has a 1-year low of $7.64 and a 1-year high of $17.20. The stock has a fifty day moving average price of $10.70 and a 200-day moving average price of $10.22.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, topping 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 business had revenue of $62.93 million for the quarter. Sell-side analysts predict that OneSpan will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael J. Mcconnell purchased 5,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $9.83 per share, with a total value of $49,150.00. Following the purchase, the director now directly owns 73,849 shares in the company, valued at approximately $725,935.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 institutional investors and hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in OneSpan during the 3rd quarter worth approximately $1,968,000. Vanguard Group Inc. boosted its position in OneSpan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after acquiring an additional 11,757 shares during the last quarter. Moody National Bank Trust Division acquired a new position in OneSpan during the 4th quarter worth approximately $219,000. Kennedy Capital Management LLC boosted its position in OneSpan by 93.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after acquiring an additional 144,883 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in OneSpan during the 4th quarter worth approximately $112,000. 95.52% of the stock is owned by 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.