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

OneSpan Inc. (NASDAQ:OSPN – Get 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:OSPN – Get 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

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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.