OneSpan (NASDAQ:OSPN) Sets New 52-Week High – Here’s What Happened

OneSpan Inc. (NASDAQ:OSPN)’s stock price reached a new 52-week high on Monday . The stock traded as high as $18.70 and last traded at $18.66, with a volume of 284352 shares trading hands. The stock had previously closed at $18.12.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of OneSpan in a research note on Monday, October 28th. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $19.00 in a report on Thursday, October 31st. One 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 company’s stock. Based on data from MarketBeat.com, OneSpan presently has a consensus rating of “Buy” and an average price target of $17.13.

OneSpan Stock Up 2.1 %

The company has a market capitalization of $702.82 million, a PE ratio of 24.49 and a beta of 0.75. The firm’s 50-day moving average is $16.25 and its 200-day moving average is $14.83.

Institutional Trading of OneSpan

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after buying an additional 219,907 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after acquiring an additional 179,497 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of OneSpan during the second quarter valued at approximately $662,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of OneSpan during the second quarter valued at $300,000. 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.