B. Riley Financial Issues Positive Forecast for Onespan (NASDAQ:OSPN) Stock Price

Onespan (NASDAQ:OSPN) had its price objective boosted by stock analysts at B. Riley Financial from $22.00 to $32.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s target price suggests a potential upside of 19.77% from the company’s previous close.

Several other equities analysts have also issued reports on OSPN. Weiss Ratings upgraded Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. DA Davidson boosted their price target on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities cut shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Onespan presently has a consensus rating of “Hold” and an average price target of $22.00.

Onespan Stock Up 32.6%

OSPN opened at $26.72 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The company has a market capitalization of $984.57 million, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The business has a 50-day moving average of $17.61 and a 200-day moving average of $14.00. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $25.96.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $63.89 million during the quarter, compared to analysts’ expectations of $57.43 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. Equities research analysts forecast that Onespan will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Onespan

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Onespan in the 2nd quarter valued at about $59,607,000. Legal & General Group Plc acquired a new stake in shares of Onespan in the 2nd quarter valued at approximately $31,248,000. Dimensional Fund Advisors LP raised its position in Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after acquiring an additional 349,648 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Onespan by 94.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after acquiring an additional 617,092 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Onespan in the 2nd quarter valued at about $7,272,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.