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

Onespan Inc (NASDAQ:OSPN) has earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.6667.

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

Onespan Trading Up 2.7%

OSPN opened at $15.49 on Wednesday. The stock’s 50 day simple moving average is $13.78 and its 200-day simple moving average is $12.25. The stock has a market cap of $574.21 million, a PE ratio of 8.56, a P/E/G 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 $16.44.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a return on equity of 18.03% and a net margin of 28.47%.The firm had revenue of $65.95 million during the quarter, compared to analysts’ expectations of $62.40 million. Equities analysts forecast that Onespan will post 1.02 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, May 14th. Onespan’s dividend payout ratio is currently 28.73%.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onespan

Several large investors have recently made changes to their positions in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Onespan by 81.8% in the fourth 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 in the last quarter. Register Financial Advisors LLC boosted its position in shares of Onespan by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 68,628 shares of the company’s stock worth $881,000 after purchasing an additional 1,521 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Onespan by 4.7% in the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock valued at $431,000 after buying an additional 1,522 shares during the period. Amundi grew its holdings in shares of Onespan by 10.0% in the 4th quarter. Amundi now owns 18,463 shares of the company’s stock valued at $237,000 after buying an additional 1,676 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Onespan by 33.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock valued at $100,000 after buying an additional 1,755 shares during the period. Institutional investors own 95.52% of the company’s stock.

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.