Onespan (NASDAQ:OSPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $20.00 price target on the stock. Zacks Investment Research‘s target price points to a potential downside of 1.43% from the stock’s previous close.

According to Zacks, “OneSpan Inc. provides software services. The Company designs and develops security software and e-signature solutions which protects devices and financial transactions from fraud and misuse. It delivers risk analytics, mobile security and authentication services. OneSpan Inc., formerly known as Vasco Data Sec, is based in Chicago, United States. “

OSPN has been the subject of a number of other research reports. TheStreet upgraded shares of Onespan from a “c-” rating to a “b-” rating in a report on Tuesday, October 29th. ValuEngine lowered shares of Onespan from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Onespan presently has an average rating of “Hold” and an average price target of $20.50.

OSPN traded up $0.21 on Tuesday, reaching $20.29. 4,206 shares of the company traded hands, compared to its average volume of 212,514. Onespan has a one year low of $12.81 and a one year high of $21.61. The firm has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $15.86. The company has a market cap of $795.59 million, a P/E ratio of 56.19, a price-to-earnings-growth ratio of 3.19 and a beta of 2.11. The company has a quick ratio of 2.50, a current ratio of 2.77 and a debt-to-equity ratio of 0.04.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.21. Onespan had a net margin of 3.10% and a return on equity of 7.54%. The company had revenue of $79.73 million during the quarter, compared to analyst estimates of $63.12 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, equities analysts forecast that Onespan will post 0.53 earnings per share for the current year.

In related news, Director T Kendall Hunt sold 365,000 shares of Onespan stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $19.66, for a total transaction of $7,175,900.00. Company insiders own 19.30% of the company’s stock.

Several large investors have recently bought and sold shares of OSPN. JPMorgan Chase & Co. raised its holdings in shares of Onespan by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 168,006 shares of the company’s stock valued at $2,394,000 after purchasing an additional 11,699 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Onespan by 206.9% in the 2nd quarter. Bank of Montreal Can now owns 4,113 shares of the company’s stock valued at $58,000 after purchasing an additional 2,773 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Onespan by 3.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 183,874 shares of the company’s stock valued at $2,606,000 after purchasing an additional 6,922 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Onespan by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 415,293 shares of the company’s stock valued at $5,886,000 after purchasing an additional 9,668 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Onespan by 33.7% in the 2nd quarter. Renaissance Technologies LLC now owns 109,669 shares of the company’s stock valued at $1,554,000 after purchasing an additional 27,669 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Onespan

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

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