Onespan Inc (NASDAQ:OSPN) Receives Average Rating of “Hold” from Analysts

Shares of Onespan Inc (NASDAQ:OSPN) have received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.6667.

OSPN has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. DA Davidson reissued a “neutral” rating and set a $12.00 target price on shares of Onespan in a report on Tuesday, June 30th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Onespan in a research report on Thursday, June 25th. Finally, Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd.

Insider Activity at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the company’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 transaction, the chief financial officer owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Onespan

Institutional investors have recently added to or reduced their stakes in the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Onespan by 81.8% in the 4th 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 during the last quarter. International Assets Investment Management LLC bought a new position in Onespan during the fourth quarter worth about $32,000. Comerica Bank raised its position in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Onespan in the 4th quarter valued at approximately $50,000. Finally, Advisors Asset Management Inc. boosted its stake in Onespan by 12,342.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after acquiring an additional 6,418 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Onespan Stock Performance

NASDAQ:OSPN opened at $14.82 on Wednesday. The stock has a market cap of $549.38 million, a price-to-earnings ratio of 8.19, a PEG ratio of 1.34 and a beta of 1.53. Onespan has a 1 year low of $10.07 and a 1 year high of $18.13. The business has a fifty day moving average of $13.43 and a 200-day moving average of $12.16.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $65.95 million during the quarter, compared to the consensus estimate of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. On average, equities research analysts predict that Onespan will post 1.02 EPS for the current year.

Onespan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.13 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.52 annualized dividend and a yield of 3.5%. Onespan’s payout ratio is 28.73%.

About Onespan

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.