OneSpan (NASDAQ:OSPN) Receives New Coverage from Analysts at Rosenblatt Securities

Rosenblatt Securities assumed coverage on shares of OneSpan (NASDAQ:OSPN) in a report published on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $20.00 price target on the stock.

OneSpan Price Performance

Shares of NASDAQ OSPN opened at $14.91 on Friday. The stock has a market capitalization of $564.28 million, a price-to-earnings ratio of -82.83 and a beta of 0.76. The firm’s 50 day simple moving average is $14.50 and its 200-day simple moving average is $12.62. OneSpan has a 12 month low of $7.64 and a 12 month high of $16.41.

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

Hedge Funds Weigh In On OneSpan

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock valued at $749,000 after purchasing an additional 1,400 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of OneSpan by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock valued at $598,000 after buying an additional 1,706 shares in the last quarter. Quarry LP grew its stake in OneSpan by 860.4% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneSpan by 64.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after acquiring an additional 2,027 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in OneSpan by 42.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock valued at $95,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors and hedge funds 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.