Onespan (NASDAQ:OSPN) Price Target Raised to $18.00

Onespan (NASDAQ:OSPN) had its target price hoisted by Rosenblatt Securities from $16.00 to $18.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on OSPN. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Onespan in a research report on Tuesday, June 30th. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Onespan currently has an average rating of “Hold” and a consensus price target of $19.00.

Onespan Stock Performance

NASDAQ OSPN opened at $16.78 on Wednesday. The company has a fifty day moving average of $14.83 and a two-hundred day moving average of $12.61. The company has a market capitalization of $618.34 million, a PE ratio of 9.43, a P/E/G ratio of 1.41 and a beta of 1.53. Onespan has a 1 year low of $10.07 and a 1 year high of $18.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.16.

Onespan (NASDAQ:OSPN) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $60.47 million for the quarter, compared to the consensus estimate of $58.25 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. As a group, analysts expect that Onespan will post 1.05 earnings per share for the current year.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th. Onespan’s dividend payout ratio is 29.21%.

Insiders Place Their Bets

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the sale, the chief financial officer owned 91,018 shares of the company’s stock, valued at $1,315,210.10. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares in the last quarter. Deutsche Bank AG lifted its position in Onespan by 4.7% in the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock worth $431,000 after buying an additional 1,522 shares during the last quarter. Amundi increased its stake in Onespan by 10.0% in the 4th quarter. Amundi now owns 18,463 shares of the company’s stock worth $237,000 after purchasing an additional 1,676 shares during the period. GAMMA Investing LLC grew its stake in shares of Onespan by 33.7% in the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock worth $100,000 after purchasing an additional 1,755 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Onespan by 15.5% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,750 shares of the company’s stock valued at $177,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Onespan Company Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.