DA Davidson Increases OneSpan (NASDAQ:OSPN) Price Target to $12.50

OneSpan (NASDAQ:OSPN - Get Free Report) had its price objective boosted by DA Davidson from $12.00 to $12.50 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's price target indicates a potential upside of 0.89% from the stock's current price.

OSPN has been the topic of several other research reports. Sidoti lowered OneSpan from a "buy" rating to a "neutral" rating and set a $12.00 target price on the stock. in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. Finally, Craig Hallum upped their target price on shares of OneSpan from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.83.

OneSpan Trading Up 13.2 %

Shares of OSPN traded up $1.44 on Friday, reaching $12.39. 1,797,452 shares of the company's stock were exchanged, compared to its average volume of 389,862. The business has a 50 day moving average price of $10.58 and a two-hundred day moving average price of $10.17. OneSpan has a 12 month low of $7.64 and a 12 month high of $17.20. The stock has a market capitalization of $468.96 million, a P/E ratio of -16.74 and a beta of 0.82.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.17. The firm had revenue of $62.93 million during the quarter. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. Equities research analysts predict that OneSpan will post 0.71 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael J. Mcconnell acquired 5,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the completion of the transaction, the director now directly owns 73,849 shares of the company's stock, valued at $725,935.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.78% of the company's stock.

Hedge Funds Weigh In On OneSpan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of OneSpan in the third quarter valued at about $1,968,000. Vanguard Group Inc. boosted its position in OneSpan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company's stock worth $34,202,000 after acquiring an additional 11,757 shares during the last quarter. Moody National Bank Trust Division acquired a new position in OneSpan during the 4th quarter worth approximately $219,000. Kennedy Capital Management LLC grew its stake in shares of OneSpan by 93.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company's stock worth $3,225,000 after acquiring an additional 144,883 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of OneSpan in the fourth quarter valued at approximately $112,000. 95.52% of the stock is owned by institutional investors and hedge funds.

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.

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