Shares of OneSpan Inc. (NASDAQ:OSPN – Get Free Report) were up 5.7% during mid-day trading on Monday after Rosenblatt Securities raised their price target on the stock from $18.00 to $22.00. Rosenblatt Securities currently has a buy rating on the stock. OneSpan traded as high as $19.15 and last traded at $19.09. Approximately 46,982 shares were traded during trading, a decline of 88% from the average daily volume of 401,487 shares. The stock had previously closed at $18.06.
Several other research firms have also recently issued reports on OSPN. Sidoti upgraded 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, October 31st. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, OneSpan currently has a consensus rating of “Buy” and a consensus price target of $17.63.
Get Our Latest Research Report on OneSpan
Insider Activity at OneSpan
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of OneSpan by 1.6% during the third quarter. State Street Corp now owns 1,641,855 shares of the company’s stock worth $27,370,000 after purchasing an additional 25,361 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after purchasing an additional 14,086 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of OneSpan by 14.1% during the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after purchasing an additional 93,263 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after purchasing an additional 48,146 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
OneSpan Stock Up 7.3 %
The stock has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $15.28. The company has a market cap of $736.25 million, a price-to-earnings ratio of 26.19 and a beta of 0.77.
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.
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