Rosenblatt Securities Raises OneSpan (NASDAQ:OSPN) Price Target to $22.00

OneSpan (NASDAQ:OSPN) had its target price lifted by Rosenblatt Securities from $18.00 to $22.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $19.38 on Monday. The business has a fifty day moving average of $16.92 and a 200-day moving average of $15.28. The firm has a market cap of $736.25 million, a PE ratio of 26.19 and a beta of 0.77. OneSpan has a twelve month low of $9.22 and a twelve month high of $19.58.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the transaction, the director now directly owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On OneSpan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after buying an additional 1,936 shares during the last quarter. Quest Partners LLC raised its position in shares of OneSpan by 2,952.6% in the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after acquiring an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of OneSpan in the 2nd quarter valued at approximately $41,000. Covestor Ltd bought a new position in OneSpan during the 3rd quarter worth approximately $65,000. Finally, Point72 Asset Management L.P. acquired a new position in OneSpan during the second quarter valued at approximately $74,000. 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.