OneSpan’s (OSPN) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of OneSpan (NASDAQ:OSPN) in a report issued on Monday, Benzinga reports. The firm currently has a $20.00 price objective on the stock.

OneSpan Stock Up 14.6 %

Shares of NASDAQ:OSPN opened at $16.68 on Monday. OneSpan has a 12-month low of $7.72 and a 12-month high of $17.73. The business has a 50 day moving average of $15.47 and a 200-day moving average of $13.85. The stock has a market cap of $631.27 million, a PE ratio of -92.67 and a beta of 0.76.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. The business had revenue of $60.92 million during the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same period in the previous year, the business posted ($0.27) earnings per share. Equities research analysts expect that OneSpan will post 0.94 earnings per share for the current year.

Institutional Trading of OneSpan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP grew 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 worth $28,000 after purchasing an additional 1,936 shares in the last quarter. Quest Partners LLC increased its stake in OneSpan by 2,952.6% during the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after acquiring an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in OneSpan in the 2nd quarter valued at $41,000. Point72 Asset Management L.P. bought a new stake in shares of OneSpan during the 2nd quarter valued at $74,000. Finally, CWM LLC grew its holdings in shares of OneSpan by 872.1% during the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock worth $80,000 after purchasing an additional 5,599 shares in the last quarter. Institutional investors and hedge funds 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.