OneSpan (NASDAQ:OSPN) Now Covered by Analysts at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of OneSpan (NASDAQ:OSPN) in a report published on Friday, MarketBeat reports. The brokerage issued a buy rating and a $20.00 price objective on the stock.

OneSpan Price Performance

Shares of OneSpan stock opened at $14.98 on Friday. The firm has a market cap of $567.29 million, a P/E ratio of -83.22 and a beta of 0.77. The firm has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $12.54. OneSpan has a fifty-two week low of $7.64 and a fifty-two week high of $16.41.

OneSpan (NASDAQ:OSPN) last released its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. The firm had revenue of $60.92 million during the quarter. During the same period in the prior year, the firm posted ($0.27) EPS. On average, sell-side analysts expect that OneSpan will post 0.94 EPS for the current year.

Institutional Trading of OneSpan

A number of institutional investors have recently bought and sold shares of OSPN. Quarry LP grew its holdings in OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares during the period. Quest Partners LLC lifted its holdings in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after acquiring an additional 2,303 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in OneSpan by 15,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after acquiring an additional 3,498 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in OneSpan in the second quarter valued at about $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of OneSpan by 64.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after acquiring an additional 2,027 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.