OneSpan (NASDAQ:OSPN) Reaches New 1-Year High – Still a Buy?

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Rosenblatt Securities boosted their target price on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti raised shares of 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. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $17.63.

OneSpan Stock Performance

The company has a market cap of $737.01 million, a P/E ratio of 26.22 and a beta of 0.77. The company has a fifty day moving average price of $18.55 and a two-hundred day moving average price of $16.42.

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

OneSpan Dividend Announcement

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

Insider Buying and Selling at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the company’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 completion of the sale, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. This represents a 71.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in OneSpan by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 130,505 shares of the company’s stock valued at $1,673,000 after purchasing an additional 10,535 shares during the period. Hsbc Holdings PLC purchased a new stake in OneSpan in the second quarter worth approximately $317,000. XTX Topco Ltd bought a new stake in shares of OneSpan during the 2nd quarter valued at about $216,000. Sei Investments Co. bought a new position in OneSpan in the 2nd quarter worth $195,000. Finally, Marshall Wace LLP lifted its holdings in OneSpan by 30.1% during the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after purchasing an additional 75,381 shares in the last quarter. 95.52% of the stock is currently 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.