OneSpan (NASDAQ:OSPN) Hits New 1-Year High – What’s Next?

OneSpan Inc. (NASDAQ:OSPN)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $17.74 and last traded at $17.70, with a volume of 142109 shares traded. The stock had previously closed at $17.32.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSPN. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of OneSpan in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, OneSpan currently has a consensus rating of “Buy” and an average price target of $17.13.

OneSpan Price Performance

The firm has a market capitalization of $661.79 million, a P/E ratio of 23.41 and a beta of 0.75. The business’s 50-day moving average is $15.59 and its 200 day moving average is $14.11.

Institutional Investors Weigh In On OneSpan

Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC raised its stake in shares of OneSpan by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after acquiring an additional 681 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock worth $231,000 after acquiring an additional 884 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of OneSpan by 2.5% during the 2nd quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock worth $749,000 after buying an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of OneSpan by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock worth $598,000 after buying an additional 1,706 shares during the last quarter. Finally, Quarry LP lifted 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. Institutional investors and hedge funds 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.