Brokers Offer Predictions for OneSpan Inc.’s FY2022 Earnings (NASDAQ:OSPN)

OneSpan Inc. (NASDAQ:OSPNGet Rating) – Equities research analysts at DA Davidson cut their FY2022 earnings estimates for shares of OneSpan in a note issued to investors on Wednesday, August 3rd. DA Davidson analyst R. Kessinger now expects that the company will post earnings of ($0.44) per share for the year, down from their previous forecast of ($0.43). The consensus estimate for OneSpan’s current full-year earnings is ($0.43) per share.

Several other research analysts have also weighed in on OSPN. StockNews.com lowered shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Thursday. Craig Hallum reduced their price objective on shares of OneSpan to $22.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $10.88 on Friday. OneSpan has a one year low of $10.43 and a one year high of $21.60. The company has a 50 day moving average of $11.89 and a 200-day moving average of $13.41. The stock has a market cap of $435.43 million, a price-to-earnings ratio of -23.15 and a beta of 0.58.

OneSpan (NASDAQ:OSPNGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. OneSpan had a negative net margin of 8.72% and a negative return on equity of 7.46%. The company had revenue of $52.45 million during the quarter, compared to analysts’ expectations of $51.99 million. During the same quarter in the previous year, the company earned ($0.23) EPS. OneSpan’s revenue was up 3.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OSPN. Connor Clark & Lunn Investment Management Ltd. lifted its stake in OneSpan by 113.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,255 shares of the company’s stock valued at $420,000 after buying an additional 18,706 shares in the last quarter. Knowledge Leaders Capital LLC bought a new position in OneSpan in the second quarter valued at approximately $1,279,000. US Bancorp DE lifted its stake in OneSpan by 73.4% in the second quarter. US Bancorp DE now owns 13,581 shares of the company’s stock valued at $162,000 after buying an additional 5,751 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in OneSpan by 19.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,991 shares of the company’s stock valued at $2,475,000 after buying an additional 33,670 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in OneSpan by 37.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 596,709 shares of the company’s stock valued at $7,101,000 after buying an additional 163,138 shares in the last quarter. Institutional investors own 89.50% of the company’s stock.

About OneSpan

(Get Rating)

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.

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