Vasco Data Security International Inc. (NASDAQ:VDSI) shares shot up 3.8% during trading on Tuesday . The stock traded as high as $18.84 and last traded at $18.74, with a volume of 307,616 shares. The stock had previously closed at $18.06.

Several research firms recently commented on VDSI. Zacks Investment Research raised shares of Vasco Data Security International from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Dougherty & Co cut their price objective on shares of Vasco Data Security International from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 29th. Finally, Sidoti began coverage on shares of Vasco Data Security International in a report on Thursday, June 23rd. They issued a “buy” rating and a $24.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $24.75.

The firm has a market capitalization of $754.07 million and a P/E ratio of 38.21. The company has a 50-day moving average of $16.93 and a 200-day moving average of $16.11.

Vasco Data Security International (NASDAQ:VDSI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $54.30 million for the quarter, compared to the consensus estimate of $52.30 million. The company’s revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, analysts predict that Vasco Data Security International Inc. will post $0.26 earnings per share for the current year.

Other hedge funds and institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC boosted its position in shares of Vasco Data Security International by 9.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 715,175 shares of the company’s stock valued at $11,965,000 after buying an additional 61,855 shares during the period. Calvert Investment Management Inc. purchased a new position in shares of Vasco Data Security International during the fourth quarter valued at about $1,399,000. Finally, Marshall Wace LLP purchased a new position in shares of Vasco Data Security International during the fourth quarter valued at about $3,656,000.

VASCO Data Security International, Inc (VASCO) is an information technology (IT) security company that designs, develops and markets security solutions that secure and manage access to digital assets, protect and facilitate transactions online, via mobile devices, and in-person. The Company’s primary product and service lines include Host System products, which are typically a component of an organization’s IT infrastructure and Client Authenticators, which are devices used by end users for authentication.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.