Onespan Inc (NASDAQ:OSPN) Short Interest Update

Onespan Inc (NASDAQ:OSPN) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,857,448 shares, a drop of 19.1% from the December 15th total of 2,296,971 shares. Approximately 4.9% of the company’s shares are sold short. Based on an average daily volume of 603,545 shares, the short-interest ratio is currently 3.1 days. Based on an average daily volume of 603,545 shares, the short-interest ratio is currently 3.1 days. Approximately 4.9% of the company’s shares are sold short.

Onespan Price Performance

OSPN traded down $0.27 during trading hours on Tuesday, reaching $11.55. 398,989 shares of the stock traded hands, compared to its average volume of 439,765. Onespan has a fifty-two week low of $11.00 and a fifty-two week high of $20.36. The company has a market cap of $439.06 million, a price-to-earnings ratio of 7.85 and a beta of 1.50. The firm’s fifty day simple moving average is $12.58 and its two-hundred day simple moving average is $14.17.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a net margin of 24.08% and a return on equity of 18.41%. The company had revenue of $57.06 million during the quarter, compared to analysts’ expectations of $58.18 million. On average, research analysts predict that Onespan will post 1.11 earnings per share for the current year.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, November 14th. Onespan’s dividend payout ratio is presently 32.65%.

Insider Buying and Selling at Onespan

In related news, Director Michael J. Mcconnell acquired 50,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $11.96 per share, with a total value of $598,000.00. Following the purchase, the director directly owned 83,763 shares of the company’s stock, valued at approximately $1,001,805.48. This represents a 148.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OSPN. State of Alaska Department of Revenue bought a new stake in shares of Onespan in the 3rd quarter worth about $26,000. Comerica Bank raised its stake in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Onespan by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock worth $82,000 after buying an additional 692 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after acquiring an additional 3,816 shares in the last quarter. Finally, Connors Investor Services Inc. bought a new stake in shares of Onespan in the 3rd quarter valued at approximately $182,000. 95.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OSPN has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Rosenblatt Securities cut their price objective on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.