OneSpan (NASDAQ:OSPN) Sets New 12-Month High at $16.64

OneSpan Inc. (NASDAQ:OSPN) hit a new 52-week high during trading on Tuesday . The stock traded as high as $16.64 and last traded at $16.64, with a volume of 342 shares traded. The stock had previously closed at $16.21.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities started coverage on OneSpan in a report on Friday, September 6th. They set a “buy” rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

OneSpan Trading Down 1.6 %

The stock’s 50-day moving average price is $14.84 and its 200 day moving average price is $12.87.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The firm had revenue of $60.92 million for the quarter. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. Sell-side analysts forecast that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in OneSpan in the 2nd quarter valued at $74,000. Quarry LP boosted its position in shares of OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after acquiring an additional 1,936 shares in the last quarter. Creative Planning increased its stake in OneSpan by 14.8% in the second quarter. Creative Planning now owns 22,404 shares of the company’s stock valued at $287,000 after acquiring an additional 2,885 shares during the period. Algert Global LLC raised its position in OneSpan by 44.5% in the second quarter. Algert Global LLC now owns 243,162 shares of the company’s stock worth $3,117,000 after purchasing an additional 74,880 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in OneSpan in the second quarter worth about $451,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.