Onespan (NASDAQ:OSPN) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Onespan (NASDAQ:OSPN) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts also recently weighed in on OSPN. Weiss Ratings upgraded Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. DA Davidson lifted their price target on Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 30th. B. Riley Financial upped their price objective on shares of Onespan from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Finally, Rosenblatt Securities downgraded shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.00.

Onespan Stock Down 1.4%

Onespan stock opened at $21.59 on Friday. The stock’s fifty day moving average is $18.58 and its two-hundred day moving average is $14.35. The firm has a market capitalization of $796.67 million, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.52. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $27.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.35.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The business had revenue of $63.89 million for the quarter, compared to the consensus estimate of $57.43 million. Analysts predict that Onespan will post 1.08 EPS for the current fiscal year.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. Onespan’s payout ratio is currently 28.73%.

Institutional Trading of Onespan

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in Onespan by 483.0% in the third quarter. Fifth Third Bancorp now owns 1,784 shares of the company’s stock valued at $32,000 after acquiring an additional 1,478 shares during the last quarter. Allworth Financial LP purchased a new stake in Onespan during the second quarter valued at about $36,000. Global Retirement Partners LLC purchased a new stake in Onespan during the second quarter valued at about $61,000. Integrated Wealth Concepts LLC purchased a new stake in Onespan during the second quarter valued at about $88,000. Finally, GAMMA Investing LLC increased its stake in Onespan by 33.7% during the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock worth $100,000 after acquiring an additional 1,755 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

About Onespan

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.