OneSpan (NASDAQ:OSPN) Sets New 52-Week High – Should You Buy?

OneSpan Inc. (NASDAQ:OSPN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.12 and last traded at $19.64, with a volume of 1366 shares changing hands. The stock had previously closed at $19.93.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sidoti upgraded 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 report on Thursday, October 31st. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, OneSpan has a consensus rating of “Buy” and a consensus target price of $17.63.

OneSpan Price Performance

The stock has a fifty day moving average of $18.72 and a 200 day moving average of $16.60. The firm has a market capitalization of $744.22 million, a P/E ratio of 26.47 and a beta of 0.77.

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

OneSpan Announces Dividend

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

Insider Buying and Selling

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction dated 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 transaction, the director now owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneSpan

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its stake in OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,060 shares in the last quarter. 272 Capital LP purchased a new stake in shares of OneSpan in the third quarter worth $1,659,000. Charles Schwab Investment Management Inc. boosted its stake in OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after buying an additional 48,146 shares during the period. Assenagon Asset Management S.A. increased its stake in OneSpan by 46.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after acquiring an additional 157,387 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after acquiring an additional 708,020 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

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.