OneSpan (NASDAQ:OSPN) Reaches New 12-Month High – What’s Next?

OneSpan Inc. (NASDAQ:OSPN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.12 and last traded at $19.64, with a volume of 1366 shares changing hands. The stock had previously closed at $19.93.

Analyst Ratings Changes

Several research firms have issued reports on OSPN. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Rosenblatt Securities upped their target price on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $17.63.

OneSpan Price Performance

The firm has a market cap of $744.22 million, a P/E ratio of 26.47 and a beta of 0.77. The company’s 50-day moving average is $18.72 and its two-hundred day moving average is $16.60.

OneSpan (NASDAQ:OSPN) last released its earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. OneSpan had a return on equity of 23.27% and a net margin of 11.73%. The firm had revenue of $56.24 million during the quarter. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, analysts expect that OneSpan Inc. will post 1.11 EPS for the current fiscal year.

OneSpan Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, January 31st.

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On OneSpan

A number of hedge funds have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of OneSpan in the 4th quarter worth about $37,000. Quarry LP grew 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. New York State Teachers Retirement System acquired a new position in shares of OneSpan during the 4th quarter valued at $64,000. Covestor Ltd bought a new position in OneSpan during the third quarter worth $65,000. Finally, Point72 Asset Management L.P. acquired a new stake in OneSpan in the second quarter worth $74,000. 95.52% of the stock is currently owned by institutional investors.

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.