Equities Analysts Offer Predictions for OneSpan Inc.’s Q2 2024 Earnings (NASDAQ:OSPN)

OneSpan Inc. (NASDAQ:OSPN) – DA Davidson issued their Q2 2024 earnings estimates for shares of OneSpan in a research note issued to investors on Friday, May 3rd. DA Davidson analyst R. Kessinger forecasts that the company will post earnings of $0.12 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $12.50 target price on the stock. The consensus estimate for OneSpan’s current full-year earnings is $0.71 per share. DA Davidson also issued estimates for OneSpan’s FY2025 earnings at $0.93 EPS.

Several other analysts also recently issued reports on OSPN. Sidoti downgraded shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Tuesday, April 2nd. StockNews.com raised shares of OneSpan from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Craig Hallum lifted their price objective on shares of OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, OneSpan has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

OneSpan Stock Performance

NASDAQ:OSPN opened at $12.35 on Monday. The stock’s fifty day moving average is $10.70 and its 200 day moving average is $10.22. The firm has a market capitalization of $467.45 million, a PE ratio of -68.61 and a beta of 0.82. OneSpan has a fifty-two week low of $7.64 and a fifty-two week high of $17.20.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. The company had revenue of $62.93 million for the quarter. OneSpan had a positive return on equity of 6.13% and a negative net margin of 3.29%.

Institutional Trading of OneSpan

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in OneSpan during the third quarter valued at about $1,968,000. Vanguard Group Inc. boosted its holdings in shares of OneSpan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock valued at $34,202,000 after buying an additional 11,757 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of OneSpan in the 4th quarter worth approximately $219,000. Kennedy Capital Management LLC raised its stake in shares of OneSpan by 93.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after acquiring an additional 144,883 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in OneSpan in the fourth quarter valued at approximately $112,000. Institutional investors own 95.52% of the company’s stock.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell bought 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $9.83 per share, with a total value of $49,150.00. Following the transaction, the director now owns 73,849 shares of the company’s stock, valued at approximately $725,935.67. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements 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 security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.