OneSpan (NASDAQ:OSPN) PT Raised to $17.00 at Craig Hallum

OneSpan (NASDAQ:OSPN) had its target price raised by analysts at Craig Hallum from $15.00 to $17.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 37.21% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Sidoti downgraded shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Tuesday, April 2nd. StockNews.com cut shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OneSpan currently has a consensus rating of “Hold” and a consensus target price of $13.83.

OneSpan Trading Up 13.2 %

OSPN opened at $12.39 on Friday. OneSpan has a twelve month low of $7.64 and a twelve month high of $17.20. The company’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $10.19.

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

Insider Buying and Selling at OneSpan

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

Institutional Investors Weigh In On OneSpan

Institutional investors and hedge funds have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. purchased a new position in OneSpan during the third quarter worth about $1,968,000. Vanguard Group Inc. increased its position in shares of OneSpan by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after purchasing an additional 11,757 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in OneSpan in the fourth quarter valued at approximately $219,000. Kennedy Capital Management LLC lifted its position in OneSpan by 93.4% during 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 purchased a new position in OneSpan in the 4th quarter worth approximately $112,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

About OneSpan

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.