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

Onespan Inc (NASDAQ:OSPN) has been given a consensus rating of “Hold” by the five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.6667.

Several research firms have issued reports on OSPN. Weiss Ratings lowered Onespan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, DA Davidson dropped their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th.

Onespan Trading Up 0.8%

Shares of Onespan stock opened at $11.58 on Friday. The firm has a market cap of $429.27 million, a P/E ratio of 6.16, a P/E/G ratio of 1.05 and a beta of 1.51. The stock’s fifty day moving average price is $10.90 and its 200-day moving average price is $12.09. Onespan has a 12 month low of $10.07 and a 12 month high of $18.13.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Onespan had a net margin of 29.98% and a return on equity of 19.58%. Analysts forecast that Onespan will post 1 earnings per share for the current year.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.5%. Onespan’s dividend payout ratio (DPR) is presently 27.66%.

Insider Buying and Selling

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the sale, the chief financial officer owned 110,218 shares in the company, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Onespan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in Onespan in the 3rd quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after acquiring an additional 900 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Onespan in the fourth quarter valued at approximately $32,000. Comerica Bank increased its stake in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Onespan during the fourth quarter worth about $50,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Onespan Company Profile

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.