Craig-Hallum analyst Chad Bennett reiterated a Buy rating on OneSpan (OSPN – Research Report) today and set a price target of $17.00. The company’s shares closed last Friday at $13.40.
Bennett covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, Quotient Technology, and Backblaze. According to TipRanks, Bennett has an average return of 7.2% and a 56.40% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OneSpan with a $18.00 average price target.
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OSPN market cap is currently $535.3M and has a P/E ratio of -19.13.
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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. The company was founded by T. Kendall Hunt in 1991 and is headquartered in Chicago, IL.
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