OneSpan (NASDAQ:OSPN) Upgraded at Sidoti

Sidoti upgraded shares of OneSpan (NASDAQ:OSPN) from a neutral rating to a buy rating in a report published on Thursday, MarketBeat Ratings reports. They currently have $19.00 price target on the stock, up from their previous price target of $14.00.

Separately, Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of OneSpan in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, OneSpan currently has a consensus rating of “Moderate Buy” and an average price target of $17.13.

OneSpan Trading Down 3.0 %

OSPN stock opened at $16.18 on Thursday. The company has a market capitalization of $614.68 million, a P/E ratio of 21.86 and a beta of 0.75. The business has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $13.91. OneSpan has a twelve month low of $7.93 and a twelve month high of $17.73.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a net margin of 11.73% and a return on equity of 23.27%. During the same quarter in the prior year, the company earned ($0.27) EPS. Research analysts predict that OneSpan will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On OneSpan

Large investors have recently bought and sold shares of the company. Quarry LP grew its holdings in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares during the period. Quest Partners LLC raised its holdings in shares of OneSpan by 2,952.6% in the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after acquiring an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of OneSpan during the second quarter valued at $41,000. Covestor Ltd purchased a new stake in OneSpan during the 3rd quarter worth about $65,000. Finally, Point72 Asset Management L.P. acquired a new position in OneSpan in the 2nd quarter valued at about $74,000. Hedge funds and other 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.