OneSpan (NASDAQ:OSPN) Trading 3.9% Higher

OneSpan Inc. (NASDAQ:OSPN) rose 3.9% on Monday . The stock traded as high as $16.14 and last traded at $16.12. Approximately 138,507 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 391,021 shares. The stock had previously closed at $15.52.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities initiated coverage on OneSpan in a research report on Friday, September 6th. They issued a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.38.

OneSpan Stock Up 3.9 %

The company has a 50 day moving average price of $14.70 and a 200-day moving average price of $12.78. The company has a market cap of $610.46 million, a P/E ratio of -86.22 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The business had revenue of $60.92 million during the quarter. During the same period in the prior year, the business earned ($0.27) EPS. On average, research analysts expect that OneSpan Inc. will post 0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quarry LP boosted its stake in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares in the last quarter. Quest Partners LLC boosted its position in shares of OneSpan by 2,952.6% in the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after purchasing an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of OneSpan in the 2nd quarter valued at $41,000. TFO Wealth Partners LLC boosted its position in shares of OneSpan by 15,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after purchasing an additional 3,498 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of OneSpan in the 2nd quarter valued at $74,000. Institutional investors 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.