In Wednesday’s Wall Street session, OneSpan Inc (NASDAQ:OSPN) shares traded at $15.43, down -1.97% from the previous session.
OSPN stock price is now -0.58% away from the 50-day moving average and -7.49% away from the 200-day moving average. The market capitalization of the company currently stands at $589.90M.
With the price target enhanced from $14 to $19, Sidoti Upgraded its rating from Neutral to Buy for OneSpan Inc (NASDAQ: OSPN). On September 06, 2024, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Sidoti’ rates the stock as ‘Neutral’
In other news, McConnell Michael J, Director sold 53,000 shares of the company’s stock on Dec 02 ’24. The stock was sold for $981,030 at an average price of $18.51. Upon completion of the transaction, the Director now directly owns 20,849 shares in the company, valued at $0.32 million. A total of 6.82% of the company’s stock is owned by insiders.
During the past 12 months, OneSpan Inc has had a low of $12.27 and a high of $20.36. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.96, and a quick ratio of 1.83.
The net profit margin was 24.05% and return on equity was 28.92% for OSPN. The company reported revenue of $63.37 million for the quarter, compared to $64.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.28 percent.
