OneSpan (NASDAQ:OSPN) Stock Price Up 3.9%

OneSpan Inc. (NASDAQ:OSPN)’s stock price rose 3.9% on Monday . The company traded as high as $16.14 and last traded at $16.12. Approximately 138,507 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 391,021 shares. The stock had previously closed at $15.52.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities initiated coverage on OneSpan in a research report on Friday, September 6th. They issued a “buy” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.38.

OneSpan Stock Performance

The firm has a 50 day moving average of $14.70 and a 200-day moving average of $12.78. The stock has a market capitalization of $610.46 million, a PE ratio of -86.22 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same period in the prior year, the company posted ($0.27) earnings per share. On average, sell-side analysts predict that OneSpan Inc. will post 0.94 earnings per share for the current year.

Institutional Investors Weigh In On OneSpan

A number of hedge funds and other institutional investors have recently made changes to their positions in OSPN. Victory Capital Management Inc. raised its stake in shares of OneSpan by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 50,700 shares of the company’s stock worth $544,000 after purchasing an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of OneSpan by 26.7% during the 4th quarter. BNP Paribas Financial Markets now owns 47,501 shares of the company’s stock worth $509,000 after purchasing an additional 10,003 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of OneSpan during the 4th quarter worth about $172,000. TFO Wealth Partners LLC raised its stake 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 worth $38,000 after purchasing an additional 3,498 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of OneSpan during the 1st quarter worth about $2,997,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

About OneSpan

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.