OneSpan Inc. (NASDAQ:OSPN) Received Consensus Rating of “Buy” by Brokerages

OneSpan Inc. (NASDAQ:OSPN) received an average “Buy” recommendation from the seven research companies that currently cover the business, Marketbeat Ratings reports. Two analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 1-year average price target among brokerages that have covered the stock over the past year is $33.00.

Several research analysts have commented on the company. BTIG Research reiterated a “hold” rating on OneSpan shares in a Friday, Nov. 12, report. Craig Hallum assumed OneSpan coverage in a Wednesday, February 2, report. They set a “buy” rating and a price target of $28.00 on the stock.

OSPN shares opened at $16.02 on Friday. OneSpan has a 52-week minimum of $14.82 and a 52-week maximum of $29.17. The company has a market capitalization of $640.26 million, a P/E ratio of -34.83 and a beta of 0.53. The stock has a 50-day moving average price of $16.43 and a 200-day moving average price of $18.43.

In other OneSpan news, Director Michael J. McConnell purchased 5,000 shares of the company in a transaction that took place on Wednesday, November 24. The shares were purchased at an average cost of $17.30 per share, for a total transaction of $86,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, top shareholder T Kendall Hunt sold 14,204 shares of the company in a trade on Friday, Dec. 3. The stock was sold at an average price of $16.48, for a total value of $234,081.92. The disclosure of this sale can be found here. Insiders sold a total of 147,854 shares of the company worth $2,432,090 during the last quarter. Insiders of the company hold 18.00% of the shares of the company.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in OneSpan shares by 21.7% during Q3. Royal Bank of Canada now owns 3,023 shares of the company worth $56,000 after purchasing an additional 539 shares during the period. JBF Capital Inc. increased its stake in OneSpan shares by 100.0% during the 4th quarter. JBF Capital Inc. now owns 8,000 shares of the company worth $135,000 after purchasing an additional 4,000 shares during the period. Cornerstone Investment Partners LLC acquired a new equity stake in OneSpan during Q4 valued at approximately $182,000. Caxton Associates LP acquired a new equity stake in OneSpan during Q3 worth approximately $205,000. Finally, AXA SA acquired a new equity stake in OneSpan during the 3rd quarter for a value of approximately $220,000. 80.29% of the shares are held by institutional investors.

About OneSpan

OneSpan, Inc. is committed to the design, development and marketing of enterprise identity, security and productivity security solutions that protect and facilitate transactions online, through mobile devices and in person. Its solutions perform the following functions: secure access to online accounts, data, assets and applications for global enterprises; provide tools that allow application developers to easily integrate security features into their web and mobile applications; and facilitate digital transactions involving signing, sending and managing documents.

Further reading

Analyst Recommendations for OneSpan (NASDAQ:OSPN)

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