OneSpan (NASDAQ:OSPN) Sets New 1-Year High – Time to Buy?

Shares of OneSpan Inc. (NASDAQ:OSPN) hit a new 52-week high during trading on Thursday . The company traded as high as $17.38 and last traded at $17.08, with a volume of 44177 shares trading hands. The stock had previously closed at $14.56.

Analysts Set New Price Targets

Several research analysts recently commented on OSPN shares. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $19.00 in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of OneSpan in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, OneSpan presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

OneSpan Trading Down 3.0 %

The company’s fifty day simple moving average is $15.49 and its 200 day simple moving average is $13.87. The stock has a market capitalization of $614.68 million, a P/E ratio of 21.86 and a beta of 0.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OSPN. Vanguard Group Inc. raised its position in shares of OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after buying an additional 219,907 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in OneSpan during the first quarter worth about $1,125,000. Acadian Asset Management LLC boosted its holdings in shares of OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of OneSpan during the 2nd quarter valued at about $662,000. Finally, Inspire Investing LLC purchased a new position in shares of OneSpan during the 3rd quarter valued at about $880,000. 95.52% of the stock is currently owned by 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.