OneSpan (NASDAQ:OSPN) Reaches New 52-Week High – Should You Buy?

OneSpan Inc. (NASDAQ:OSPN) shares reached a new 52-week high during trading on Thursday . The company traded as high as $19.86 and last traded at $19.73, with a volume of 389970 shares. The stock had previously closed at $19.09.

Analysts Set New Price Targets

OSPN has been the topic of a number of recent research reports. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $19.00 in a research note on Thursday, October 31st. Rosenblatt Securities boosted their price target on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, StockNews.com raised shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, OneSpan has an average rating of “Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

The stock has a market cap of $748.78 million, a price-to-earnings ratio of 26.64 and a beta of 0.77. The business’s 50 day moving average is $18.44 and its 200 day moving average is $16.35.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. OneSpan had a net margin of 11.73% and a return on equity of 23.27%. The company had revenue of $56.24 million for the quarter. During the same quarter last year, the company earned $0.04 EPS. Research analysts expect that OneSpan Inc. will post 1.11 earnings per share for the current year.

OneSpan Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st.

Insiders Place Their Bets

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were 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 SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On OneSpan

Large investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft grew its stake in shares of OneSpan by 8.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after purchasing an additional 1,700 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of OneSpan during the fourth quarter worth $540,000. R Squared Ltd acquired a new position in shares of OneSpan in the 4th quarter valued at $37,000. Ellsworth Advisors LLC increased its position in shares of OneSpan by 8.6% in the 4th quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company’s stock valued at $659,000 after buying an additional 2,826 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after buying an additional 157,387 shares during the period. 95.52% of the stock is currently owned by institutional investors.

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.