OneSpan (NASDAQ:OSPN) Reaches New 12-Month High – Still a Buy?

OneSpan Inc. (NASDAQ:OSPN) reached a new 52-week high during trading on Thursday . The stock traded as high as $19.86 and last traded at $19.73, with a volume of 389970 shares changing hands. The stock had previously closed at $19.09.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Finally, Rosenblatt Securities upped their target price on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $17.63.

OneSpan Stock Up 3.2 %

The company has a fifty day moving average of $18.44 and a 200 day moving average of $16.35. The company has a market cap of $748.78 million, a P/E ratio of 26.64 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. OneSpan had a return on equity of 23.27% and a net margin of 11.73%. The business had revenue of $56.24 million for the quarter. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, research analysts forecast that OneSpan Inc. will post 1.11 EPS for the current year.

OneSpan Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st.

Insider Activity at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. This represents a 71.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneSpan

Several institutional investors have recently bought and sold shares of OSPN. Essex Investment Management Co. LLC grew its holdings in OneSpan by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after purchasing an additional 681 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of OneSpan by 6.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock worth $231,000 after buying an additional 884 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in shares of OneSpan by 8.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock worth $384,000 after purchasing an additional 1,700 shares during the period. Quarry LP boosted its stake 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 buying an additional 1,936 shares during the period. Finally, R Squared Ltd acquired a new position in OneSpan during the 4th quarter worth about $37,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.