OneSpan (OSPN)

• Market cap: $603M
• 1 day: -10.14%
• 5 days: -9.21%
• 1 month: -4.42%
• 3 months: 9.82%
• 6 months: -14.71%
• Year to date: -16.30%
• 1 year: 21.96%
• 5 years: -41.96%
• 10 years: -43.68%
• Sector: Technology
• Industry: Software - Infrastructure

About: OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, the Middle East, and Africa, and the rest in the United States and Asia-Pacific region.

Employees: 571

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 21

19% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 63

8% more funds holding

Funds holding: 192 [Q4 2024] → 208 (+16) [Q1 2025]

3.16% more ownership

Funds ownership: 89.55% [Q4 2024] → 92.71% (+3.16%) [Q1 2025]

10% less call options, than puts

Call options by funds: $2.13M | Put options by funds: $2.35M

14% less capital invested

Capital invested by funds: $631M [Q4 2024] → $540M (-$90.9M) [Q1 2025]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $20 27% upside
• Avg. target: $20 27% upside
• High target: $20 27% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Catharine Trebnick

27% upside $20

Buy Maintained

2 May 2025