Onespan (NASDAQ:OSPN – Get Free Report) had its price objective raised by stock analysts at Rosenblatt Securities from $16.00 to $18.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 11.04% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. DA Davidson reiterated a “neutral” rating and set a $12.00 target price on shares of Onespan in a research note on Tuesday, June 30th. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Onespan currently has an average rating of “Hold” and an average price target of $17.67.
Check Out Our Latest Stock Report on OSPN
Onespan Stock Up 2.1%
Onespan (NASDAQ:OSPN – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Onespan had a return on equity of 18.03% and a net margin of 28.47%.The company had revenue of $60.47 million for the quarter, compared to the consensus estimate of $58.25 million. On average, analysts anticipate that Onespan will post 1.02 EPS for the current year.
Insiders Place Their Bets
In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at $1,315,210.10. The trade was a 18.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Onespan
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after buying an additional 900 shares in the last quarter. Deutsche Bank AG increased its stake in Onespan by 4.7% during the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock valued at $431,000 after buying an additional 1,522 shares during the period. Amundi boosted its holdings in shares of Onespan by 10.0% in the fourth quarter. Amundi now owns 18,463 shares of the company’s stock valued at $237,000 after acquiring an additional 1,676 shares in the last quarter. GAMMA Investing LLC boosted its stake in Onespan by 33.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock valued at $100,000 after purchasing an additional 1,755 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Onespan by 15.5% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,750 shares of the company’s stock worth $177,000 after acquiring an additional 1,850 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.
About Onespan
OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.
The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.
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