OneSpan (NASDAQ:OSPN) Given New $22.00 Price Target at Rosenblatt Securities

OneSpan (NASDAQ:OSPN) had its target price increased by Rosenblatt Securities from $18.00 to $22.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

OSPN has been the subject of a number of other reports. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $19.00 in a report on Thursday, October 31st. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.63.

OneSpan Stock Up 7.3 %

Shares of OSPN stock opened at $19.38 on Monday. OneSpan has a 12 month low of $9.22 and a 12 month high of $19.58. The firm has a market cap of $736.25 million, a PE ratio of 26.19 and a beta of 0.77. The stock has a 50 day moving average of $16.92 and a 200-day moving average of $15.28.

Insiders Place Their Bets

In related news, Director Michael J. Mcconnell sold 53,000 shares of the 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 of the company’s stock, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On OneSpan

Several large investors have recently modified their holdings of OSPN. Quarry LP lifted its position in shares of OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after buying an additional 1,936 shares during the period. Quest Partners LLC lifted its holdings in shares of OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after acquiring an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of OneSpan in the 2nd quarter valued at $41,000. Covestor Ltd bought a new stake in shares of OneSpan in the 3rd quarter worth about $65,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of OneSpan during the 2nd quarter worth about $74,000. 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.