Craig Hallum Raises OneSpan (NASDAQ:OSPN) Price Target to $17.00

OneSpan (NASDAQ:OSPN) had its target price upped by Craig Hallum from $15.00 to $17.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

OSPN has been the topic of several other reports. Sidoti downgraded shares of OneSpan from a buy rating to a neutral rating and set a $12.00 target price on the stock. in a report on Tuesday, April 2nd. StockNews.com downgraded shares of OneSpan from a buy rating to a hold rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $13.83.

OneSpan Stock Down 0.3 %

Shares of OneSpan stock traded down $0.04 during midday trading on Friday, reaching $12.35. 477,249 shares of the company’s stock traded hands, compared to its average volume of 390,866. The company’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $10.20. OneSpan has a 52 week low of $7.64 and a 52 week high of $17.20.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $62.93 million for the quarter. OneSpan had a positive return on equity of 6.13% and a negative net margin of 3.29%. Sell-side analysts forecast that OneSpan will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell bought 5,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the purchase, the director now owns 73,849 shares in the company, valued at approximately $725,935.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of OneSpan

Institutional investors have recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its position in OneSpan by 15,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after purchasing an additional 3,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OneSpan by 64.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after purchasing an additional 2,027 shares during the period. Gladius Capital Management LP bought a new position in shares of OneSpan during the 4th quarter valued at about $95,000. SG Americas Securities LLC purchased a new stake in shares of OneSpan during the 4th quarter worth approximately $112,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of OneSpan by 100.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after buying an additional 5,578 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

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.