Onespan Inc (NASDAQ:OSPN) hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.45 and last traded at $27.45, with a volume of 796 shares trading hands. The stock had previously closed at $26.98.
OSPN has been the subject of several analyst reports. Zacks Investment Research downgraded Onespan from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. ValuEngine downgraded Onespan from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Sidoti upped their target price on Onespan from $23.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Needham & Company LLC increased their price objective on Onespan from $24.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, TheStreet downgraded Onespan from a “b-” rating to a “c+” rating in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.40.
The company has a current ratio of 3.03, a quick ratio of 2.76 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 75.14, a price-to-earnings-growth ratio of 5.63 and a beta of 1.05. The stock has a fifty day moving average price of $21.37 and a 200 day moving average price of $18.07.
Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.11. The firm had revenue of $56.50 million for the quarter, compared to analyst estimates of $50.35 million. Onespan had a return on equity of 10.91% and a net margin of 5.53%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. On average, sell-side analysts forecast that Onespan Inc will post 0.47 EPS for the current year.
In related news, Director T Kendall Hunt sold 75,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $21.41, for a total transaction of $1,605,750.00. Following the sale, the director now owns 4,347,289 shares in the company, valued at $93,075,457.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc Boroditsky acquired 3,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $17.25 per share, for a total transaction of $51,750.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $51,750. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 694,878 shares of company stock valued at $13,788,520. 18.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in OSPN. Swiss National Bank grew its position in shares of Onespan by 1.1% in the first quarter. Swiss National Bank now owns 62,400 shares of the company’s stock valued at $1,133,000 after purchasing an additional 700 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Onespan by 43.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the company’s stock worth $48,000 after purchasing an additional 805 shares during the last quarter. Comerica Bank lifted its stake in Onespan by 2.8% during the first quarter. Comerica Bank now owns 31,547 shares of the company’s stock worth $526,000 after purchasing an additional 872 shares during the last quarter. Hancock Whitney Corp lifted its stake in Onespan by 10.7% during the first quarter. Hancock Whitney Corp now owns 12,400 shares of the company’s stock worth $225,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Onespan by 5.3% during the first quarter. Thrivent Financial for Lutherans now owns 27,291 shares of the company’s stock worth $495,000 after purchasing an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 68.93% of the company’s stock.
About Onespan (NASDAQ:OSPN)
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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