OneSpan (NASDAQ:OSPN) Price Target Raised to $12.50

OneSpan (NASDAQ:OSPN) had its target price hoisted by DA Davidson from $12.00 to $12.50 in a research note published on Friday morning, Benzinga reports. The firm currently has 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.

OSPN has been the subject of a number of other research reports. StockNews.com lowered OneSpan from a buy rating to a hold rating in a research note on Friday, April 26th. Craig Hallum boosted their target price on OneSpan from $15.00 to $17.00 and gave the company a buy rating in a research note on Friday. Finally, Sidoti lowered OneSpan from a buy rating to a neutral rating and set a $12.00 price target for the company. in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $13.83.

OneSpan Trading Down 0.3 %

OSPN opened at $12.35 on Friday. The stock has a 50-day moving average price of $10.70 and a 200-day moving average price of $10.22. OneSpan has a 12-month low of $7.64 and a 12-month high of $17.20. The stock has a market capitalization of $467.45 million, a P/E ratio of -68.61 and a beta of 0.82.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a positive return on equity of 6.13% and a negative net margin of 3.29%. The firm had revenue of $62.93 million during the quarter. On average, equities research analysts predict that OneSpan will post 0.71 EPS for the current year.

Insider Buying and Selling at OneSpan

In other news, Director Michael J. Mcconnell bought 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $9.83 per share, with a total value of $49,150.00. Following the transaction, the director now owns 73,849 shares of the company’s stock, valued at $725,935.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OSPN. Los Angeles Capital Management LLC bought a new position in shares of OneSpan in the 1st quarter worth approximately $2,997,000. Essex Investment Management Co. LLC purchased a new stake in OneSpan during the 1st quarter valued at $2,553,000. Fuller & Thaler Asset Management Inc. purchased a new stake in OneSpan during the 3rd quarter valued at $1,968,000. Kennedy Capital Management LLC boosted its stake in OneSpan by 93.4% during the 3rd 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, Mirae Asset Global Investments Co. Ltd. boosted its stake in OneSpan by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,479,766 shares of the company’s stock valued at $15,863,000 after purchasing an additional 117,463 shares during the last quarter. Institutional investors 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.