Onespan Inc (NASDAQ:OSPN) Receives $16.67 Average Price Target from Analysts

Onespan Inc (NASDAQ:OSPN) has been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.6667.

A number of analysts have recently commented on OSPN shares. Zacks Research cut shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. DA Davidson decreased their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th.

Insiders Place Their Bets

In other Onespan news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan 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 of the company’s stock, valued at $1,138,551.94. The trade was a 11.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Onespan

Several hedge funds and other institutional investors have recently modified their holdings of OSPN. State of Alaska Department of Revenue acquired a new position in Onespan during the third quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Onespan in the 4th quarter worth approximately $32,000. Comerica Bank boosted its holdings in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Onespan in the fourth quarter valued at approximately $50,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Price Performance

Shares of OSPN stock opened at $10.61 on Monday. Onespan has a 1-year low of $10.07 and a 1-year high of $18.13. The company has a market cap of $397.52 million, a price-to-earnings ratio of 5.64, a PEG ratio of 0.96 and a beta of 1.54. The stock has a 50 day simple moving average of $11.01 and a 200-day simple moving average of $12.74.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company 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 anticipate that Onespan will post 1.11 earnings per share for the current fiscal year.

Onespan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.52 annualized dividend and a yield of 4.9%. This is an increase from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio is currently 27.66%.

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.