Onespan Inc (NASDAQ:OSPN) Given Average Recommendation of “Hold” by Brokerages

Onespan Inc (NASDAQ:OSPN) has received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.6667.

A number of brokerages have weighed in on OSPN. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. DA Davidson reduced their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of the business’s 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 transaction, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OSPN. Millennium Management LLC lifted its position in shares of Onespan by 1,018.8% during the fourth quarter. Millennium Management LLC now owns 1,211,659 shares of the company’s stock worth $15,558,000 after purchasing an additional 1,103,360 shares in the last quarter. Simcoe Capital Management LLC lifted its position in shares of Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after purchasing an additional 747,578 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock worth $13,355,000 after purchasing an additional 617,092 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Onespan by 25.1% during the third quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after purchasing an additional 428,983 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after purchasing an additional 349,648 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Onespan Stock Up 0.1%

Shares of OSPN stock opened at $14.33 on Friday. The stock has a market cap of $531.21 million, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The firm’s 50 day moving average price is $12.41 and its two-hundred day moving average price is $11.97.

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

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, May 14th. Onespan’s payout ratio is presently 28.73%.

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.