Several other research analysts also recently weighed in on OSPN. Wedbush set a $12.00 target price on GameStop and gave the stock a buy rating in a research note on Friday, May 31st. Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. B. Riley set a $23.00 target price on Pretium Resources and gave the stock a buy rating in a research note on Tuesday, June 25th. Finally, TheStreet downgraded Tesla from a c- rating to a d+ rating in a research note on Monday, April 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $19.50.
Shares of NASDAQ:OSPN opened at $15.36 on Wednesday. Onespan has a 12-month low of $11.41 and a 12-month high of $21.61. The firm has a market capitalization of $617.70 million, a P/E ratio of 66.78, a PEG ratio of 3.91 and a beta of 2.05. The firm has a 50 day moving average of $14.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.34.
In other Onespan news, insider Scott Clements bought 3,550 shares of Onespan stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $14.14 per share, with a total value of $50,197.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director T Kendall Hunt sold 34,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $14.33, for a total value of $487,220.00. The disclosure for this sale can be found here. Corporate insiders own 19.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in OSPN. BlackRock Inc. raised its stake in shares of Onespan by 3.5% during the fourth quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock valued at $61,258,000 after acquiring an additional 161,916 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Onespan by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 405,013 shares of the company’s stock worth $5,245,000 after buying an additional 7,674 shares during the period. Texas Permanent School Fund increased its position in shares of Onespan by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 20,548 shares of the company’s stock worth $266,000 after buying an additional 806 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Onespan by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock worth $19,711,000 after buying an additional 15,311 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Onespan by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 349,958 shares of the company’s stock worth $4,531,000 after buying an additional 19,947 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.
Onespan Company Profile
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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