B. Riley Financial Forecasts Strong Price Appreciation for Onespan (NASDAQ:OSPN) Stock

Key Points

• B. Riley Financial raised its OneSpan price target to $32 from $22 and maintained a “buy” rating, implying approximately 19.77% upside from the reported current price.
• OneSpan exceeded quarterly expectations, reporting $0.35 in EPS versus the $0.24 consensus and revenue of $63.89 million compared with estimates of $57.43 million.
• Analyst sentiment remains mixed overall: MarketBeat reports an average “hold” rating and $22 target price, while institutional investors own a substantial 95.52% of the stock.

Onespan (NASDAQ:OSPN - Get Free Report) had its price target upped by analysts at B. Riley Financial from $22.00 to $32.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's price target would suggest a potential upside of 19.77% from the stock's current price.

A number of other equities research analysts also recently issued reports on OSPN. Weiss Ratings upgraded shares of Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 14th. DA Davidson boosted their price target on Onespan from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities lowered Onespan from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.00.

Onespan Stock Performance

Shares of OSPN opened at $26.72 on Friday. The stock has a 50 day moving average price of $17.61 and a 200 day moving average price of $14.00. The company has a market capitalization of $984.57 million, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. Onespan has a 52-week low of $10.07 and a 52-week high of $25.96. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Onespan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $63.89 million for the quarter, compared to analyst estimates of $57.43 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. Research analysts predict that Onespan will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Onespan during the second quarter worth approximately $36,000. Global Retirement Partners LLC acquired a new stake in shares of Onespan during the second quarter worth $61,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Onespan during the second quarter valued at $88,000. GAMMA Investing LLC lifted its holdings in shares of Onespan by 33.7% during the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company's stock valued at $100,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Onespan by 224.8% in the 3rd quarter. Signaturefd LLC now owns 8,874 shares of the company's stock valued at $159,000 after purchasing an additional 6,142 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Onespan Company Profile

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company's offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.

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