Onespan (NASDAQ:OSPN) issued its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10, Briefing.com reports. Onespan had a return on equity of 6.72% and a net margin of 1.81%. The company had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $59.94 million. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Onespan updated its FY 2019 guidance to EPS.
Shares of NASDAQ OSPN traded up $1.08 during mid-day trading on Thursday, reaching $20.40. The company had a trading volume of 7,742 shares, compared to its average volume of 162,109. The stock has a market capitalization of $675.10 million, a price-to-earnings ratio of 56.61, a PEG ratio of 3.49 and a beta of 1.93. Onespan has a 1-year low of $11.41 and a 1-year high of $25.45.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Onespan from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday. National Securities assumed coverage on Onespan in a research report on Thursday, January 3rd. They set a “buy” rating on the stock. Sidoti started coverage on Onespan in a research report on Monday, December 3rd. They set a “buy” rating on the stock. Imperial Capital upgraded Onespan from an “in-line” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, November 5th. Finally, ValuEngine cut Onespan from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Five investment analysts have rated the stock with a buy rating, Onespan has an average rating of “Buy” and an average target price of $19.00.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Onespan by 3.5% in the 4th quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock worth $61,258,000 after acquiring an additional 161,916 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Onespan by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock worth $36,510,000 after acquiring an additional 105,798 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Onespan by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 1,916,545 shares of the company’s stock worth $36,510,000 after acquiring an additional 105,798 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Onespan by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock worth $19,711,000 after acquiring an additional 15,311 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Onespan by 436.3% in the 4th quarter. Ancora Advisors LLC now owns 695,588 shares of the company’s stock worth $9,008,000 after acquiring an additional 565,896 shares during the last quarter. Institutional investors and hedge funds own 62.61% of the company’s stock.
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OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.
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