OneSpan (NASDAQ:OSPN) Given New $12.50 Price Target at DA Davidson

OneSpan (NASDAQ:OSPN) had its price target hoisted by DA Davidson from $12.00 to $12.50 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for OneSpan’s Q2 2024 earnings at $0.12 EPS and FY2025 earnings at $0.93 EPS.

Several other equities research analysts have also weighed in on the company. StockNews.com lowered OneSpan from a buy rating to a hold rating in a research report on Friday, April 26th. Sidoti lowered shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price target on the stock. in a research note on Tuesday, April 2nd. Finally, Craig Hallum upped their price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, OneSpan has a consensus rating of Hold and a consensus price target of $13.83.

OneSpan Trading Up 13.2 %

OSPN stock traded up $1.44 during midday trading on Friday, reaching $12.39. The stock had a trading volume of 1,797,452 shares, compared to its average volume of 238,263. The company’s fifty day simple moving average is $10.64 and its 200 day simple moving average is $10.19. The company has a market cap of $468.96 million, a price-to-earnings ratio of -68.83 and a beta of 0.82. OneSpan has a 52-week low of $7.64 and a 52-week high of $17.20.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $62.93 million for the quarter. OneSpan had a positive return on equity of 6.10% and a negative net margin of 3.29%. Sell-side analysts predict that OneSpan will post 0.71 EPS for the current year.

Insider Activity at OneSpan

In other news, Director Michael J. Mcconnell purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the transaction, the director now directly owns 73,849 shares in the company, valued at approximately $725,935.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSPN. Fuller & Thaler Asset Management Inc. purchased a new position in OneSpan in the 3rd quarter worth approximately $1,968,000. Vanguard Group Inc. increased its position in shares of OneSpan by 0.4% during the third 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 shares of OneSpan in the fourth quarter worth about $219,000. Kennedy Capital Management LLC boosted its holdings in OneSpan by 93.4% in the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock valued at $3,225,000 after purchasing an additional 144,883 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in OneSpan during the 4th quarter valued at approximately $112,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

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.