OneSpan (NASDAQ:OSPN) Now Covered by Rosenblatt Securities

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

OneSpan Stock Down 1.7 %

Shares of NASDAQ:OSPN opened at $14.98 on Friday. The firm has a market cap of $567.29 million, a price-to-earnings ratio of -83.22 and a beta of 0.77. OneSpan has a 12 month low of $7.64 and a 12 month high of $16.41. The company’s fifty day simple moving average is $14.46 and its 200 day simple moving average is $12.54.

OneSpan (NASDAQ:OSPN) last released its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. During the same quarter last year, the company posted ($0.27) EPS. Research analysts expect that OneSpan will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently bought and sold shares of the company. Quarry LP grew its stake in shares of OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares in the last quarter. Quest Partners LLC boosted its holdings in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after purchasing an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in OneSpan during the second quarter worth $41,000. TFO Wealth Partners LLC boosted its holdings in OneSpan by 15,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 purchasing an additional 2,027 shares during the last quarter. Institutional investors 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.