OneSpan (NASDAQ:OSPN) PT Raised to $12.50 at DA Davidson

OneSpan (NASDAQ:OSPN) had its price objective lifted by DA Davidson from $12.00 to $12.50 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for OneSpan’s Q2 2024 earnings at $0.12 EPS and FY2025 earnings at $0.93 EPS.

OSPN has been the topic of a number of other research reports. Sidoti lowered shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price objective on the stock. in a research report on Tuesday, April 2nd. StockNews.com cut shares of OneSpan from a buy rating to a hold rating in a research report on Friday, April 26th. Finally, Craig Hallum lifted their target price on OneSpan from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $13.83.

OneSpan Price Performance

OSPN traded up $1.44 during trading on Friday, reaching $12.39. The company had a trading volume of 1,797,452 shares, compared to its average volume of 238,263. The business’s fifty day moving average price is $10.64 and its 200 day moving average price is $10.19. OneSpan has a 12 month low of $7.64 and a 12 month high of $17.20. The company has a market cap of $468.96 million, a P/E ratio of -68.83 and a beta of 0.82.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a negative net margin of 3.29% and a positive return on equity of 6.10%. The firm had revenue of $62.93 million during the quarter. As a group, sell-side analysts predict that OneSpan will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other OneSpan news, Director Michael J. Mcconnell acquired 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the purchase, the director now directly owns 73,849 shares of the company’s stock, valued at $725,935.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.78% of the company’s stock.

Institutional Trading of OneSpan

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in OneSpan in the 1st quarter valued at $2,997,000. Essex Investment Management Co. LLC bought a new stake in OneSpan in the 1st quarter valued at about $2,553,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of OneSpan during the 3rd quarter worth approximately $1,968,000. Kennedy Capital Management LLC raised its position in shares of OneSpan by 93.4% in the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock valued at $3,225,000 after buying an additional 144,883 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of OneSpan by 8.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,479,766 shares of the company’s stock valued at $15,863,000 after buying an additional 117,463 shares in the last quarter. Institutional investors and hedge funds 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.