OneSpan (NASDAQ:OSPN) Reaches New 12-Month High – What’s Next?

OneSpan Inc. (NASDAQ:OSPN) hit a new 52-week high during trading on Monday . The stock traded as high as $20.40 and last traded at $20.40, with a volume of 856 shares traded. The stock had previously closed at $18.66.

Analyst Ratings Changes

OSPN has been the topic of several recent analyst reports. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of OneSpan in a research report on Monday, October 28th. Finally, StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $17.13.

OneSpan Stock Up 0.6 %

The firm has a market capitalization of $710.41 million, a P/E ratio of 25.27 and a beta of 0.77. The business has a 50-day moving average price of $16.60 and a 200-day moving average price of $15.11.

Insider Activity

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’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 sale, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of OneSpan

Several institutional investors have recently bought and sold shares of OSPN. Price T Rowe Associates Inc. MD boosted its stake in OneSpan by 3.4% in 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. CWM LLC boosted its stake in OneSpan by 872.1% in the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after buying an additional 5,599 shares in the last quarter. SG Americas Securities LLC acquired a new stake in OneSpan in the 2nd quarter valued at $405,000. Assenagon Asset Management S.A. boosted its stake in OneSpan by 293.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,326 shares of the company’s stock valued at $2,030,000 after buying an additional 118,061 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in OneSpan by 14.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,560 shares of the company’s stock valued at $1,481,000 after buying an additional 14,984 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.