Wedbush analyst Daniel Ives maintained a Hold rating on OneSpan (OSPN) on December 20 and set a price target of $24.00. The company’s shares closed last Thursday at $21.06.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 33.5% and a 76.7% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Currently, the analyst consensus on OneSpan is a Hold with an average price target of $24.00.
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Based on OneSpan’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $51.44 million and GAAP net loss of $1.68 million. In comparison, last year the company earned revenue of $79.69 million and had a net profit of $11.85 million.
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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.
