OneSpan Inc. (NASDAQ:OSPN – Free Report) – Research analysts at DA Davidson boosted their FY2023 earnings per share estimates for OneSpan in a research report issued on Thursday, November 9th. DA Davidson analyst R. Kessinger now anticipates that the company will earn ($0.52) per share for the year, up from their prior estimate of ($0.61). DA Davidson currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for OneSpan’s current full-year earnings is ($0.52) per share.
Separately, StockNews.com initiated coverage on OneSpan in a report on Thursday, October 5th. They issued a “hold” rating on the stock.
OneSpan Trading Up 2.8 %
OneSpan stock opened at $9.52 on Monday. The firm has a market capitalization of $379.75 million, a P/E ratio of -11.47 and a beta of 0.87. The stock’s fifty day simple moving average is $10.03 and its 200-day simple moving average is $12.60. OneSpan has a twelve month low of $7.64 and a twelve month high of $19.25.
Hedge Funds Weigh In On OneSpan
Several large investors have recently bought and sold shares of OSPN. Altshuler Shaham Ltd purchased a new position in OneSpan in the first quarter valued at $30,000. PNC Financial Services Group Inc. boosted its stake in OneSpan by 267.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,732 shares of the company’s stock valued at $31,000 after acquiring an additional 1,989 shares in the last quarter. FMR LLC boosted its stake in OneSpan by 80.0% in the first quarter. FMR LLC now owns 2,084 shares of the company’s stock valued at $36,000 after acquiring an additional 926 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in OneSpan by 180.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,051 shares of the company’s stock valued at $43,000 after acquiring an additional 3,251 shares in the last quarter. Finally, Point72 Middle East FZE acquired a new position in OneSpan in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 86.78% 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.
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