Onespan (NASDAQ:OSPN) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded OneSpan from “hold” to “buy.” Other analyst views are mixed, leaving the consensus rating at “hold” with an average price target of $24.
• OneSpan beat quarterly expectations, reporting EPS of $0.35 versus the $0.24 consensus and revenue of $63.89 million versus estimates of $57.43 million.
• The stock opened at $21.59 and has traded between $10.07 and $27.45 over the past year; institutional investors own 95.52% of shares.

Onespan (NASDAQ:OSPN - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on OSPN. DA Davidson upped their price target on Onespan from $16.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. B. Riley Financial raised their price objective on Onespan from $22.00 to $32.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. Rosenblatt Securities downgraded shares of Onespan from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, October 27th. Finally, Weiss Ratings upgraded Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.00.

Onespan Stock Performance

NASDAQ:OSPN opened at $21.59 on Friday. Onespan has a 1-year low of $10.07 and a 1-year high of $27.45. The company's 50-day moving average is $18.58 and its two-hundred day moving average is $14.35. The firm has a market capitalization of $796.67 million, a price-to-earnings ratio of 11.93, a PEG ratio of 2.26 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. Onespan had a return on equity of 15.96% and a net margin of 27.52%. The company had revenue of $63.89 million during the quarter, compared to analyst estimates of $57.43 million. Analysts forecast that Onespan will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Onespan

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Onespan by 483.0% in the third quarter. Fifth Third Bancorp now owns 1,784 shares of the company's stock worth $32,000 after buying an additional 1,478 shares during the period. Allworth Financial LP acquired a new position in Onespan in the 2nd quarter worth $36,000. Global Retirement Partners LLC acquired a new position in shares of Onespan during the second quarter valued at $61,000. Integrated Wealth Concepts LLC purchased a new position in Onespan during the second quarter valued at approximately $88,000. Finally, GAMMA Investing LLC raised its stake in Onespan by 33.7% during the 2nd 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. 95.52% of the stock is currently owned by institutional investors.

About Onespan

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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